Cantor Fitzgerald, with the participation of Tether, will launch a bitcoin investment company with a capital of $3 billion

Japanese holding SoftBank is also taking part in the project

23.04.2025 - 14:45

3 min

What’s new? Brokerage firm Cantor Fitzgerald plans to launch a $3 billion bitcoin investment project in partnership with Japanese holding company SoftBank, as well as iFinex subsidiaries: the USDT stablecoin issuer Tether and crypto exchange Bitfinex, the FT reports, citing sources.

Material by The Block

What else is known? Cantor is currently led by Brandon Lutnick, the son of former CEO Howard Lutnick, who resigned earlier this year to become US Secretary of Commerce under the Donald Trump administration.

Under the new initiative, Cantor Equity Partners will use the $200 million it raised in January to create a new entity called 21 Capital.

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According to an FT report, Tether is set to contribute $1,5 billion worth of bitcoins to 21 Capital, SoftBank will contribute $900 million worth of BTC, and Bitfinex will contribute $600 million.

21 Capital is looking to replicate the success of Michael Saylor'’ analytics software company Strategy, which began investing in bitcoin in 2020 and has since become the largest public company in terms of BTC on its personal balance sheet. Strategy has accumulated 538 200 BTC and its shares, available on Nasdaq under the ticker MSTR, have grown in value by 2660% over 5 years. Since the beginning of the year, the growth has been 14,3%.

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As a result, the bitcoin assets of 21 Capita member companies will be converted into securities at $10 per share at an exchange rate of $85 000 per bitcoin. Cantor will also raise $350 million through a convertible bond offering and $200 million in private equity for additional bitcoin purchases.

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