Cantor Fitzgerald Partners with SoftBank and Tether for $3B Bitcoin Fund
- Cantor Fitzgerald is collaborating with SoftBank, Tether, and Bitfinex to form a Bitcoin acquisition vehicle named 21 Capital.
- The venture aims to raise $3 billion in Bitcoin: $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex.
- Bitcoin recently reached a new high of over $93,000, marking a 6.8% increase since March 2.
- The deal is in early stages with no official announcement yet; terms may change or the arrangement could fall through.
21 Capital’s goal is to emulate MicroStrategy’s successful strategy by investing heavily in Bitcoin. The venture plans to convert investments into shares valued at $10 each. However, the deal remains tentative without formal confirmation.
Source (2.6)https://www.newsbtc.com/news/best-altcoins-to-ride-the-btc-bull-run-as-softbank-and-tether-back-3b-bitcoin-fund/?rand=52377