Cantor Teams With SoftBank, Tether, Bitfinex on Possible $3B Bitcoin Deal: Report
Brandon Lutnick is establishing a multibillion-dollar Bitcoin acquisition vehicle named 21 Capital in collaboration with SoftBank, Tether, and Bitfinex. The venture will secure $3 billion in Bitcoin, with contributions of $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex. The announcement is anticipated in the coming weeks, but details may change. 21 Capital will operate through Cantor Equity Partners, which raised $200 million earlier this year. Cantor Fitzgerald has previously explored crypto initiatives, including a proposed $2 billion Bitcoin lending program with Tether. The consortium aims to create a publicly listed alternative to MicroStrategy, which has a market cap of $91 billion due to its Bitcoin investments. Partners will convert their Bitcoin investments into shares priced at $10 each, valuing Bitcoin at $85,000 per coin. This development aligns with the Trump administration's supportive stance on cryptocurrency trading. Bitcoin's price peaked at approximately $106,000 earlier this year and is currently around $92,000.
