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Brandon Lutnick to Launch $3B Bitcoin Acquisition Firm Backed by Tether, SoftBank, and Bitfinex

Brandon Lutnick to Launch $3B Bitcoin Acquisition Firm Backed by Tether, SoftBank, and Bitfinex

CryptonewslandCryptonewsland2025/04/23 14:00
By:by Austin Mwendia
  • Brandon Lutnick is launching a Bitcoin firm with $3B support from Tether SoftBank and Bitfinex.
  • 21 Capital will let investors buy shares tied to Bitcoin at a locked price of $85000 per coin.
  • The firm plans to raise $550M more to grow its Bitcoin holdings and expand its market position.

Brandon Lutnick, chair of Cantor Fitzgerald and son of U.S. Commerce Secretary Howard Lutnick, is launching a new Bitcoin venture. The firm, named 21 Capital, will receive $3 billion in Bitcoin from major crypto firms. Tether will contribute $1.5 billion, SoftBank $900 million, and Bitfinex $600 million, according to a report by the Financial Times.

🚨 JUST IN: Cantor Fitzgerald teams up with SoftBank, Tether, and Bitfinex on a massive $3 billion $BTC acquisition fund, per FT.

Cantor’s CEO Brandon Lutnick aims to replicate MicroStrategy's successful crypto investment model. pic.twitter.com/AWrWm23ko6

— CW (@CW8900) April 23, 2025

This capital will be used to acquire Bitcoin , which partners will convert into shares of 21 Capital. The move positions the venture as a direct alternative to MicroStrategy’s Bitcoin-focused investment model. The new company will operate through Cantor Equity Partners, which raised $200 million in January.

Structure to Mirror Public Investment Model

21 Capital aims to provide a publicly listed vehicle for Bitcoin exposure. Partners will exchange their Bitcoin for shares priced at $10. The Bitcoin valuation is set at $85,000 per coin during the conversion. While this price is fixed for the transaction, it may be revised before the official launch.

Cantor Equity Partners, a special-purpose acquisition company, will serve as the platform for the firm. The public listing will allow investors to gain exposure to Bitcoin through traditional equity markets.

Plans for Additional Capital Raising

In addition to the initial Bitcoin commitments, 21 Capital plans to raise more funds. The venture will issue $350 million in convertible bonds. It will also raise $200 million through private equity. These funds will be used to buy more Bitcoin, increasing the firm’s holdings and market presence.

The full capital strategy supports the firm’s goal to scale quickly. The model is designed to track Bitcoin performance directly, while also benefiting from traditional financing tools.

Political Climate and Crypto Strategy Alignment

The venture follows a series of crypto-related moves by Cantor Fitzgerald . The firm manages Tether’s Treasury and holds a 5% stake in the stablecoin issuer. It has also launched a $2 billion Bitcoin lending program and adopted custody platforms like Anchorage Digital and Copper.

This comes after Howard Lutnick’s appointment as Commerce Secretary under the Trump administration. The political backdrop is viewed as supportive of cryptocurrency initiatives. Reports suggest the deal will be announced in the coming weeks, although final terms may change. Market watchers are closely following the development amid renewed interest in crypto investment vehicles.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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