Consortium Formed to Establish Bitcoin Acquisition Firm
- Cantor Fitzgerald’s chair is creating a consortium with SoftBank, Tether, and Bitfinex.
- The new firm, 21 Capital, will receive $3 billion worth of Bitcoin from partners.
- Tether will contribute $1.5 billion in BTC; SoftBank and Bitfinex will provide $900 million and $600 million, respectively.
- Investments are valued at $85,000 per BTC and converted into shares at $10 each.
- A $350 million convertible bond and a $200 million private placement of equity are planned for additional Bitcoin purchases.
Brandon Lutnick collaborates with major firms to create a multibillion-dollar Bitcoin acquisition vehicle named 21 Capital, aiming to replicate MicroStrategy’s success. The consortium plans significant investments in Bitcoin with potential further fundraising efforts.
Source (2.6)https://dailyhodl.com/2025/04/24/chair-of-cantor-fitzgerald-teams-up-with-tether-softbank-and-bitfinex-to-form-bitcoin-acquisition-firm-report/?rand=59076
