{"id":61356,"date":"2025-04-23T09:21:27","date_gmt":"2025-04-23T09:21:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61356"},"modified":"2025-04-23T09:21:27","modified_gmt":"2025-04-23T09:21:27","slug":"brandon-lutnick-joins-softbank-tether-and-bitfinex-for-3b-crypto-acquisition-venture","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61356","title":{"rendered":"Brandon Lutnick Joins SoftBank, Tether, And Bitfinex For $3B Crypto Acquisition Venture"},"content":{"rendered":"

Brandon Lutnick, son of US Commerce Secretary Howard Lutnick and current chair of Cantor Fitzgerald, <\/span>is spearheading<\/span> a bold new cryptocurrency initiative alongside industry giants SoftBank, Tether, and Bitfinex. <\/span><\/p>\n

The group is forming a $3 billion bitcoin acquisition vehicle <\/span>aimed at riding<\/span> the wave of renewed crypto enthusiasm under President Donald Trump\u2019s administration.<\/span><\/p>\n

According to <\/span>sources familiar with the matter<\/span><\/a>, the consortium plans to establish a special purpose acquisition company (SPAC) that will amass billions in bitcoin from its partners. <\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Turning Bitcoin Accumulation Into Market Success<\/span><\/h2>\n

The strategy mirrors the high-profile success of MicroStrategy<\/a>, which transformed itself from a software firm into a major player in crypto markets by aggressively accumulating bitcoin.<\/span><\/p>\n

Today, MicroStrategy holds tens of billions of dollars in BTC. It boasts a $91 billion market capitalization, driven by its bold crypto pivot.<\/span><\/p>\n

Lutnick\u2019s venture, dubbed Cantor Equity Partners, raised $200 million in January to kickstart the formation of a new entity called 21 Capital. This firm is set to receive $3 billion in bitcoin contributions\u2014$1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex. <\/span><\/p>\n

Tether and Bitfinex, <\/span>both<\/span> owned by the same parent company, are known for their influential yet often controversial roles within the crypto ecosystem.<\/span><\/p>\n

There\u2019s a new @saylor<\/a> in town<\/p>\n

Takeaways from this announcement:<\/p>\n

TLDR: Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, and his firm Cantor is partnering with Softbank, Tether, and Bitfinex to create a multi-billion dollar SPAC for buying BTC. <\/p>\n

1. USDC has\u2026 pic.twitter.com\/54jked3npb<\/a><\/p>\n

\u2014 robbie (@robbie_rollup) April 23, 2025<\/a><\/p>\n\n

In addition to partner contributions, Cantor Equity Partners plans to raise a $350 million convertible bond and secure a $200 million private equity placement <\/span>to further expand its bitcoin holdings<\/span>.<\/span><\/p>\n

The long-term goal is to convert these bitcoin investments into shares of 21 Capital at a valuation of $85,000 per BTC, with shares priced at $10 each.<\/span><\/p>\n

While the deal is expected to be officially announced in the coming weeks, insiders caution that details remain subject to change, and the agreement could still fall through.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Tether And Bitfinex Set To Leverage Trump\u2019s Crypto-Friendly Regulatory Shift<\/span><\/h2>\n

This ambitious move comes as the Trump administration signals a more crypto-friendly regulatory environment. Tether and Bitfinex, despite past regulatory settlements with New York authorities and the CFTC in 2021, appear poised to capitalize on this shift.<\/span><\/p>\n

Bitcoin <\/span>itself<\/span> has seen dramatic price action. It peaked at $106,000 shortly after Trump\u2019s election victory. Furthermore, it stabilized near $92,000\u2014close to its all-time highs. <\/span><\/p>\n

Meanwhile, MicroStrategy has experienced a 20% decline from its November peak.\u00a0\u00a0<\/span><\/p>\n

The partnership marks just the beginning of a broader SPAC push by Cantor Fitzgerald. Beyond Cantor Equity Partners, two additional SPACs led by Brandon Lutnick are actively seeking deals, with the brokerage also underwriting several third-party SPACs in recent months.<\/span><\/p>\n

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Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n

\n

Key Takeaways<\/h3>\n

Brandon Lutnick <\/span>is leading<\/span> a $3 billion <\/span>bitcoin<\/span> acquisition venture with SoftBank, Tether, and Bitfinex.<\/span> <\/p>\n

The initiative aims to replicate MicroStrategy\u2019s crypto success through a SPAC-backed entity called 21 Capital.<\/span> <\/p>\n

The move comes amid a pro-crypto stance from the Trump administration and rising Bitcoin market momentum.<\/span> <\/p><\/div>\n

The post Brandon Lutnick Joins SoftBank, Tether, And Bitfinex For $3B Crypto Acquisition Venture<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Brandon Lutnick, son of US Commerce Secretary Howard Lutnick and current chair of Cantor Fitzgerald, is spearheading a bold new cryptocurrency initiative alongside industry giants SoftBank, Tether, and Bitfinex. The group is forming a $3 billion bitcoin acquisition vehicle aimed at riding the wave of renewed crypto enthusiasm under President Donald Trump\u2019s administration. According to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61356","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61356"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61356"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61356\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}