A consortium led by Cantor Equity Partners of Brandon Lutnick is preparing one of the most ambitious treasure -style bets in Bitcoin since Microstrategy turned his balance for the first time into a proxy for the cryptocurrency market. According to a Financial Times reportThe Special Use Acquisition Company (SPAC) backed by the Cantor Fitzgerald broker has aligned a combination of $ 3 billion in Bitcoin contributions from SoftBank, Tether and Bitfinex to sow a new entity called 21 Capital.
Cantor, SoftBank and Tether Bet Big On Bitcoin
The agreement would mark a dramatic entry for Brandon Lutnick, with the installation of singer Fitzgerald after his father, Howard Lutnick, joined the Trump administration as secretary of Commerce, in the center of a subsequent rebirth after the US investment. Single software that increased after pivoting to cryptocurrency investment. “
Cantor Equity Partners raised $ 200 million in his January OPI. That cash, together with the bitcoin of the partners, would supply the central treasure of 21 capital. The breakdown cited in the report allocates $ 1.5 billion in Bitcoin de Tether, $ 900 million of softbank and $ 600 million bitfinex. An additional convertible bond of $ 350 million is being organized and a private capital placement of $ 200 million “to buy additional bitcoin,” the sources said.
At the end, digital asset contributions would become 21 capital shares at $ 10 per share, valuing the Bitcoin transferred to $ 85,000 per currency. The plan remains fluid. The FT warns that “the agreement would probably be announced in the coming weeks, it could still not materialize and that the numbers could change.”
The accumulation of Bitcoin of several years of Microstrategy has produced a market capitalization of $ 91 billion, and its model, issuing shares and low debt to finance more purchases, has become a play book for the adoption of digital assets of the corporate treasury. The vehicle proposed by Lutnick is the first SPAC expressly designed to imitate that template at scale, and reaches the Trump administration indicates “a more accommodated position for cryptocurrency trade.”
Cantor Fitzgerald has already benefited from the new policy climate, after having advised the investment of $ 775 million tether on the conservative platform of the video exchange platform. The broker is also sponsoring two additional spaces led by Lutnick that remain in search of objectives.
The presence of SoftBank, with “$ 180 billion in assets, $ 32 billion in cash and a massive portfolio of companies”, as executive director of BTC Inc., David Bailey, observed“Draw the proposed immediate global weight vehicle.” Bailey told the followers in X: “Softbank has officially entered the Bitcoin market with an initial acquisition of $ 900 million … Masayoshi are!” Steven Lubka, who directs Swan’s private wealth, simply published: “Cantor, SoftBank and Tether by launching a BTC acquisition vehicle.”
Market observers have rushed to link the appearance of the consortium to the recent Bitcoin price action. Tur Demeester, presenter of Podcast B Reel and director of the Texas Bitcoin Foundation, wrote that “this announcement could explain why Bitcoin has increased by 12% in last week.”
Jeff Park, head of Alpha strategies A Bitwise framing The collaboration in geopolitical terms, which calls it “the joint company of ‘exorbitant’ definitive privilege: a movement so wild that it cannot begin to understand how the export machine in dollars will supercharge in a positive feedback cycle of the existing global transport system.”
At the time of publication, BTC quoted at $ 93,391.
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