CEP: From 20 to 40 – The Power of Bitcoin and a SPAC Merger

CEP: From 20 to 40 – The Power of Bitcoin and a SPAC Merger

Apr 24, 2025


Hey everyone,
Barrie Einarson here from Trade Ideas, and this is another edition of What Makes This Trade Great. To Subscribe: https://go.trade-ideas.com/SHQ
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This morning, we had a mover that surprised even me—CEP, a blank check company that’s set to merge with a firm called 21 Capital. And get this—they’re bringing 42,000 Bitcoins to the table. Yeah, that’s roughly $3.8 billion worth of Bitcoin based on current prices.

Why It Caught My Eye

Now, you all know me—I do look at news, especially in the pre-market, but I don’t trade off headlines alone. I always ask:
“Does this news mean anything?”

Well, when I saw the merger news and realized this is tied directly to Bitcoin, it got my attention. And I mentioned live—if this thing breaks $20, it could go on a great run.

What Happened?

It didn’t just run—it ripped. CEP went from $20 to nearly $40 in a single trading session. That’s a 100% move.

I traded the majority of my position out during the move (you know I like to lock in profits), but I’m still holding a piece. Why? Because there might be more behind this story.

Bigger Players, Bigger Picture

The company mentions Cantor Equity, and I think this is likely tied to Cantor Fitzgerald—Howard Lutnick’s group. That’s a serious name in the space. Add to that the increased interest from the U.S. government in Bitcoin lately, and this could turn into something even wilder.

So yeah, this is one of those setups where the technical level ($20) met the catalyst (Bitcoin narrative + institutional tie-ins), and boom—monster move.

Final Thoughts

Will it keep going? Who knows. But I’ll be watching—and holding a little—just in case this story keeps unfolding in our favor.

Talk soon and happy trading,
Barrie