Bitcoin Venture: Cantor Fitzgerald’s $3B Project

Cantor Fitzgerald Launches $3 Billion Bitcoin Venture with SoftBank, Tether, and Bitfinex

• Cantor Fitzgerald partners with SoftBank, Tether, and Bitfinex for a $3 billion Bitcoin investment venture.
• The venture involves creating Cantor Equity Partners to replicate MicroStrategy’s crypto strategy.
• 21 Capital will be launched using $200 million raised via SPAC Cantor Equity Partners.
• Tether contributes $1.5 billion in Bitcoin; SoftBank adds $900 million, and Bitfinex provides $600 million.
• Bitcoin investments will convert into shares of 21 Capital at $10 per share, valuing Bitcoin at $85,000 each.

The collaboration between Cantor Fitzgerald and its partners aims to capitalize on a pro-crypto shift in U.S. policy by launching a new firm called 21 Capital. This venture will receive substantial Bitcoin contributions from Tether, SoftBank, and Bitfinex to expand Cantor’s presence in the digital asset market.