Cantor Fitzgerald Launches $3 Billion bitcoin Investment with Crypto Giants
Cantor Fitzgerald is partnering with Tether, Bitfinex, and softbank too create a $3 billion Bitcoin investment vehicle.The new publicly traded firm, named 21 Capital, will receive Bitcoin contributions from these companies.
Tether will contribute $1.5 billion, SoftBank $900 million, and bitfinex $600 million. Additionally, 21 Capital will raise $350 million through a convertible bond and $200 million in private equity to buy more Bitcoin.
This venture aims to provide investors with a publicly listed option that tracks Bitcoin’s performance through direct holdings. The model is similar to Strategy’s approach, which has amassed over 530,000 BTC worth $36.4 billion. However,Strategy’s share price has fallen 20% from its november highs.
Brandon Lutnick, the new chair of Cantor Fitzgerald, is leading the project. He aims to position 21 Capital as a key player in the anticipated crypto bull market under the Trump management.
Contributing firms will receive equity in 21 Capital, with Bitcoin valued at $85,000 per coin. The deal is expected to be announced soon, according to sources.
Cantor Fitzgerald has previously worked with Tether, advising on its $775 million investment in Rumble.The venture comes as the Trump administration shows a friendlier stance on crypto policy. Paul Atkins, the new SEC chairman, is expected to promote crypto innovation and regulatory clarity.
Despite Tether and Bitfinex’s past regulatory issues,the project reflects growing crypto-pleasant policies. This collaboration highlights the industry’s potential growth and regulatory acceptance.
