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The president of Cantor Fitzgerald Brandon Litnick – the son of the American secretary of trade Howard Lutnick – launched an investment company of Bitcoin of $ 3 billion called 21 capital, supported by Softbank, Tether and Bitfinex, reported the Financial Times.
The special acquisition company (SPAC), Cantor Equity Partners, raised $ 200 million at the start of the year. It will now help form 21 capital with $ 3 billion in Bitcoin of the giants of cryptography.
BTC contributions will be converted into equity at a price of $ 10 per share, which involves $ 85,000 per bitcoin, according to the report.
21 capital aims to collect more than $ 500 million to buy more bitcoin
The 21 capital’s agreement is similar to the Strategy BTC Proxy model (formerly Microstrategy). To date, the strategy has issued actions and a speculative debt to buy Bitcoin. Data De BitcoinTareries.net shows that the strategy is currently the largest business BTC holder in the world, with a stock of $ 534,741 BTC.
The new Lutnick company aims to follow in the footsteps of the strategy and wishes to raise an additional $ 350 million in convertible bonds as well as $ 200 million in capital investment to buy more Bitcoin.
Regulatory changes in the context of the interest of the institutional bitcoin of the Trump administration fuel
Although the Lunick SPAC agreement has not yet been finalized, leaving room for the modification of the property and the structure of the entity, the reported decision comes in the midst of the growing institutional interest for Bitcoin following regulatory changes under the Trump administration.
Pro-Crypto and Paul Atkins, elected officials of Trump enslave As a new president of the Securities and Exchange Commission (SEC) earlier this week. It was after the regulator abandoned several cases of high -level cryptography.
Atkins said yesterday after being sworn in these digital assets will be an absolute priority.
WOW!!! It’s massive 🤯
🇺🇸The new president of the dry Paul
Atkins dit Bitcoin and Crypto
Will be his absolute priority. pic.twitter.com/ueskjpmlej– max (@maxcryptoxx) April 23, 2025
In the past 24 hours, entrances For the FNB Bitcoin Spot (negotiated funds on the stock market) have reached their highest levels since mid-January, pushing the main crypto price at more than $ 94,000 for the first time in 7 weeks.
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