Cantor Fitzgerald is reportedly making ready to launch a multibillion-dollar Bitcoin funding car in partnership with SoftBank, Tether and Bitfinex, as institutional curiosity in digital belongings intensifies beneath the pro-crypto stance of the Trump administration.
The initiative comes at a second when Bitcoin continues to commerce close to historic highs and buyers search publicity to the following section of the cryptocurrency cycle.
The Monetary Occasions reported Wednesday that the deal would see the creation of a brand new entity referred to as 21 Capital, backed by $3b value of Bitcoin contributed by the crypto companies.
Tether would contribute $1.5b in Bitcoin, whereas SoftBank would add $900m and Bitfinex would offer $600m, FT stated. The construction is designed to reflect the technique utilized by MicroStrategy, which reworked itself from a modest software program firm right into a Bitcoin powerhouse with tens of billions in digital belongings.
Cantor didn’t return Cryptonews’ request for remark by press time.
*CANTOR NEARS $3B CRYPTO VENTURE WITH SOFTBANK AND TETHER: FT
Brandon Lutnick is partnering with SoftBank, Tether, and Bitfinex to create a multibillion-dollar bitcoin acquisition car, based on three individuals briefed on the matter.
The car raised $200M in January and…— db (@tier10k) April 22, 2025
Cantor’s Bitcoin Push Led By Lutnick Inheritor as Agency Deepens Crypto Ties
Brandon Lutnick, who took over as chairman of Cantor Fitzgerald after his father Howard Lutnick joined the Trump administration as commerce secretary, is main the hassle. Beneath his management, the agency has elevated its involvement in digital belongings, advising on high-profile offers comparable to Tether’s $775m funding in video platform Rumble.
The car will function by Cantor Fairness Companions, a particular goal acquisition firm that raised $200m earlier this yr. It’ll additionally difficulty a $350m convertible bond and lift an extra $200m by a non-public fairness placement to increase its Bitcoin holdings. The technique includes changing the Bitcoin contributions into shares of 21 Capital at a worth of $10 every, with an inner valuation of $85,000 per Bitcoin.
Whereas the events are aiming to announce the deal within the coming weeks, the small print are nonetheless topic to alter. The ultimate settlement may shift or fall by altogether.
Crypto Resurgence, Coverage Tailwinds Draw Wall Road Deeper Into Bitcoin
The timing displays a broader resurgence in institutional crypto funding. Bitcoin’s worth soared to over $108,000 following Trump’s electoral victory in November and has since fluctuated, now sitting round $92,000. Regardless of volatility, the broader pattern has attracted curiosity from companies searching for to copy the positive aspects of early adopters.
MicroStrategy, whose pivot to Bitcoin started in 2020, now carries a market capitalisation of greater than $9b. Its mannequin of elevating fairness and debt to build up Bitcoin has develop into a template for companies searching for to place themselves as crypto-native entities inside public markets.
The brand new enterprise additionally comes with a level of reputational danger. Tether and Bitfinex, each of that are owned by the identical father or mother firm, settled main investigations with US regulators in 2021. Nevertheless, the Trump administration has promised a lighter regulatory contact for crypto, which can create a extra beneficial atmosphere for such initiatives.
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