Cantor Fitzgerald is associated with Cryptographic Heavy Tether, Bitfinex and SoftBank on a Bitcoin investment vehicle of $ 3 billion.
According to an April 22 Financial Times report, the group plans to form a new company listed on the stock market called 21 capital, which will receive $ 3 billion in Bitcoin (BTC) of participating companies. Tether (USDT) is expected to contribute $ 1.5 billion, while SoftBank and Bitfinex will add $ 900 million and $ 600 million respectively.
The company will also increase a convertible obligation of 350 million dollars and a round of investment of 200 million distinct dollars to buy even more bitcoin. The company aims to offer investors a side on the stock market which follows Bitcoin performance thanks to direct assets, similar to the strategy approach on the implementation of debt and equity to accumulate BTC.
This model has helped the strategy to raise more than 530,000 BTC for $ 36.4 billion, although its share of the action dropped by 20% of the record vertices reached in November.
The project is led by Brandon Lutnick, recently appointed president of Cantor Fitzgerald and son of the US Secretary of Commerce Howard Lungick. The young LITNICK’s objective is to position 21 capital at the heart of what donors consider a bull market of crypto renewed under the Trump administration.
Contractive companies are expected to receive equity in 21 capital during an evaluation leap bitcoin at $ 85,000 per room. Although subject to change, the agreement should be announced in the coming weeks, according to sources familiar with the issue.
Cantor Fitzgerald has already worked in close collaboration with Tether, advising his investment of $ 775 million in the Rumble video sharing platform. The company comes as the Trump administration reports a more friendly position on cryptography policy, despite previous regulatory establishments in Tother and Bitfinex.
Paul Atkins, the new president of the crypto as president of the Securities and Exchange Commission, should accelerate regulatory clarity, as well as to promulgate policies that promote cryptographic innovation.
