A consortium led by Brandon Lutnick’s Cantor Equity Partners is preparing one of the most ambitious state-style players at Bitcoin since Microströgy first turned its balance sheet into a proxy for the Cryptocurrency market. According to a financial time ReportEspecially the acquisition company (Spac) supported by broker Cantor Fitzgerald has stood up a combined $ 3 billion in Bitcoin contribution from Softbank, Tether and Bitfinex to seed a new device called 21 Capital.
Cantor, softbank and tether are investing heavily in bitcoin
The deal would mark a dramatic entrance for Brandon Lutnick – newly installed as Cantor Fitzgerald -Chair of his father, Howard LutnickJoined the Trump administration as a trade secretary-in center for expected resuscitation after the election in US investments in digital access. Three people informed about the plan told FT that 21 Capital will try to replicate the “success of Micro strategyA one-time software company that grew after swinging to Cryptocurrency investments. “
Cantor Equity Partners collected $ 200 million in its IPO in January. These cash, together with Partners Bitcoin, would deliver the core fund for 21 capital. The division quoted in the report awards $ 1.5 billion in Bitcoin from Tether, $ 900 million from Softbank and $ 600 million from Bitfinex. Another $ 350 million convertible bonds and $ 200 million private equity placement is arranged “to buy additional bitcoin”, the sources say.
After completing, digital asset contributions would be converted to 21 equity shares to $ 10 per share, which valued the transferred bitcoin at $ 85,000 per coin. The plan is still fluid. FT warns that “the deal will probably be announced in the coming weeks, it can still fail to be realized and the number can change.”
Micro Strategy’s multi-year Bitcoin accumulation has produced a market value of $ 91 billion, and its model-which issues equity and low-coupon debt to finance further buy-have become a playing list for corporate control of digital assets. Lutnick’s proposed vehicles are the first spac that is explicitly designed to mimic that template on a scale, and it arrives when the Trump administration signals “a more accommodating attitude towards Cryptocurrency.”
Cantor Fitzgerald has already been favored by the new policy climate, after advice TetherInvestments of $ 775 million in the conservative platform for video sharing. The broker also sponsors two more Lutnick-led spacs that remain in search of goals.
The presence of Softbank – with “$ 180 billion in assets, $ 32 billion in cash and a massive portfolio of companies”, such as BTC Inc. CEO David Bailey observed—Givated the proposed vehicle immediately globally heft. Bailey told followers at X, “Softbank has officially entered the Bitcoin market with a first acquisition of $ 900 million … Masayoshi Son!” Steven Lubka, who runs Swan Private Wealth, simply posted: “Kantor, Softbank and Tether launch a BTC acquisition vehicle.”
Market observers have been quick to link the consortium’s emergence to Bitcoin’s latest price measures. Tuur Demeeester, host B Reel Podcast and a director at the Texas Bitcoin Foundation, wrote “This announcement may explain why Bitcoin has increased by 12% over the past week.”
Jeff Park, Head of Alpha Strategies at Bitwise, framed The collaboration in geopolitical terms and calls it “the ultimate” unreasonable privilege “joint venture – a feature so wild that you cannot begin to understand how it will overload the dollar export machine in a positive feedback loop in the existing global carrying system.”
At press time, BTC was about $ 93 391.
Featured image created with Dall.e, chart from tradingview.com
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