From Cointelegraph

April 23, 2025 01:15:00 AM:

Brandon Lutnick, chair of Cantor Fitzgerald, is teaming up with SoftBank, Tether, and Bitfinex to launch a $3 billion crypto acquisition company in the US market under President Trump. The new firm, 21 Capital, raised $200 million in January, with Tether contributing $1.5 billion in Bitcoin, SoftBank $900 million, and Bitfinex $600 million.

The venture aims to raise an additional $350 million in convertible bonds and $200 million in private equity to purchase more Bitcoin. The investments from Tether, Bitfinex, and SoftBank will be converted into 21 Capital shares, valued at $85,000 per coin, with shares priced at $10 each. Details are pending finalization.

Cantor Fitzgerald, experienced in managing Tether’s Treasury portfolio, holds $134 billion in reserves and a 5% stake in Tether. The firm advised on Tether’s $775 million investment in Rumble last December. Cantor also launched a Bitcoin financing business with $2 billion in capital, partnering with Anchorage Digital and Copper as custodians.

Cantor Fitzgerald currently manages over $5 billion in assets across 275 holdings and has been actively involved in the crypto market, positioning itself as a key player in the industry. The deal with SoftBank, Tether, and Bitfinex marks another strategic move in the evolving landscape of cryptocurrency investments.

Read more at Cointelegraph: Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: Report