Shares of Cantor Equity Partners Inc ( CEP ) have soared 202% to $32.76 over the past week, fueled by news of a merger with newly formed Bitcoin-focused firm Twenty One.

What To Know: The combined company, valued at $3.6 billion, is set to become the third-largest public holder of Bitcoin (CRYPTO: BTC), behind only Strategy and Tether. Twenty One is backed by Tether, SoftBank and Jack Mallers—who will step in as CEO following the merger.

Currently, Twenty One holds 42,000 Bitcoin and has ambitious plans to continue accumulating. It recently raised $585 million to bolster its Bitcoin acquisitions and support operations.

The firm will focus on building Bitcoin-native financial products, media platforms, and capital market tools, with unique metrics such as “Bitcoin Per Share” driving its strategy.

Once the merger is finalized, the company's shares will trade on the Nasdaq under the new ticker symbol “XXI.” The transaction still requires shareholder approval but signals a major new force in the Bitcoin investment landscape.

Read Also: Massive Power Outages Hit Spain, Portugal Snarling Travel: Investigations Into Cause Underway

How To Buy CEP Stock

By now you're likely curious about how to participate in the market for Cantor Equity Partners ( CEP ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Cantor Equity Partners ( CEP ), which is trading at $30.84 as of publishing time, $100 would buy you 3.05 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CEP has a 52-week high of $39.29 and a 52-week low of $9.99.