Major Players Cantor, SoftBank, and Tether Join Forces for Massive Bitcoin Bet
Cantor Fitzgerald, SoftBank, and Tether are finalizing a $3 billion bitcoin acquisition venture to capitalize on renewed crypto momentum under the Trump administration, according to the Financial Times.
Led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, the initiative mirrors MicroStrategy’s bitcoin accumulation strategy. The plan involves Tether contributing $1.5 billion, SoftBank $900 million, and Bitfinex $600 million to fund 21 Capital, a new firm aiming to go public at $10 per share—valuing bitcoin around $85,000.
The SPAC has already raised $200 million, with more funding to come via bonds and private placements. Participants’ BTC stakes will convert to equity, signaling confidence in long-term crypto gains, though the deal isn’t finalized.
Clever Robot News Desk 24th April 2025
