Major Crypto Players Join Forces for $3 Billion Bitcoin Investment
Financial giants are uniting to create a new way to invest in Bitcoin.Cantor Fitzgerald, Tether, Bitfinex, and SoftBank are launching 21 capital, a publicly traded firm. This venture will hold $3 billion worth of Bitcoin.
Tether will invest $1.5 billion, SoftBank $900 million, and Bitfinex $600 million. 21 Capital will also raise $350 million through a convertible bond and $200 million in private equity. This money will buy even more Bitcoin.
The goal is to give investors a way to track Bitcoin’s performance through direct holdings. This is similar to Strategy’s method of using debt and equity to buy BTC. Strategy has amassed over 530,000 BTC worth $36.4 billion.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, leads the project.He aims to position 21 Capital as a key player in the crypto market. The firms involved will receive equity in 21 Capital, valuing Bitcoin at $85,000 per coin.
This 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.
Cantor Fitzgerald has worked with Tether before, advising on a $775 million investment in Rumble. Despite past regulatory issues, Tether and Bitfinex are still key players in this new venture.
