Lutnick is calling the $CEP group a new MSTR Proxy Play. However it is a SPAC.... which are risky.

Twenty One and CEP (Cantor Equity Partners):
Twenty One Capital, Inc. ("Twenty One") is a newly formed entity that has entered into a business combination with Cantor Equity Partners, Inc. (CEP), a special-purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald. Cantor Fitzgerald, led by Howard Lutnick, is a major global financial services and real estate firm. This merger aims to make Twenty One a publicly traded company on NASDAQ under the ticker "CEP." The comparison to $MSTR (MicroStrategy) could become a significant player in the Bitcoin investment space, similar to how MicroStrategy has amassed a large Bitcoin portfolio.

Jack Mallers as CEO:
Jack Mallers, co-founder of Twenty One, will lead the company as CEO. Mallers is a well-known Bitcoin advocate and the founder of Strike, a payments platform that leverages Bitcoin’s Lightning Network.

Bitcoin Holdings:
Twenty One is expected to launch with over 42,000 Bitcoin, with a mission to maximize Bitcoin ownership per share. This mirrors MicroStrategy’s strategy.

Howard Lutnick’s Role:
Howard Lutnick, CEO of Cantor Fitzgerald, is indirectly involved through CEP, the SPAC facilitating this merger. Lutnick has been increasingly vocal about Bitcoin, and Cantor Fitzgerald has shown interest in the crypto space - not to mention managing custody for Tether who have nearly 100K BTC who are also involved.