Cantor Fitzgerald spearheads $3B move into Bitcoin with Tether, SoftBank, and Bitfinex

Cantor Fitzgerald is launching a $3 billion Bitcoin investment venture called 21 Capital, backed by Tether, SoftBank, and Bitfinex. Led by Brandon Lutnick, the initiative starts with $200 million in seed funding and aims to emulate MicroStrategy’s Bitcoin-focused success. Tether will contribute $1.5 billion in Bitcoin, SoftBank $900 million, and Bitfinex $600 million, with plans to raise an additional $550 million through bonds and private equity. Custody and collateral will be managed by Copper and Anchorage Digital, targeting institutional investors. The move reflects growing institutional demand for Bitcoin, with SoftBank signaling a long-term commitment despite past losses. Show Less

https://cryptoslate.com/cantor-fitzgerald-spearheads-3b-move-into-bitcoin-with-tether-softbank-and-bitfinex/
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