Cantor Fitzgerald Joins Forces with Tether, Bitfinex, and SoftBank for a $3 Billion Bitcoin Bonanza!

Introducing 21 Capital: A New Beast in the Bitcoin Jungle

Hang onto your hats, crypto fans! Cantor Fitzgerald is diving headfirst into the Bitcoin pool with heavy hitters Tether, Bitfinex, and SoftBank, pouring a whopping $3 billion into a new publicly traded beast called 21 Capital. Tether's dropping $1.5 billion into the mix, while SoftBank and Bitfinex are chipping in $900 million and $600 million, respectively. This is no small fry operation!

More Cash, More Bitcoin: A Game-Changing Strategy

But wait, there's more! 21 Capital isn't stopping at $3 billion. They're also cooking up a $350 million convertible bond and a $200 million private equity round to gobble up even more Bitcoin. Their mission? To give investors a publicly listed vehicle that rides the Bitcoin rollercoaster through direct holdings. It's a move straight out of Strategy's playbook, using debt and equity to amass a BTC fortune. Strategy's already stacked up over 530,000 BTC, valued at $36.4 billion, even if their share price has taken a 20% hit since November's highs.

Brandon Lutnick: The New Crypto Kingpin

Leading this charge is none other than Brandon Lutnick, the freshly appointed chair of Cantor Fitzgerald and son of U.S. Commerce Secretary Howard Lutnick. The younger Lutnick's got his sights set on making 21 Capital the epicenter of what he and his backers believe will be a roaring crypto bull market, fueled by the Trump administration's crypto-friendly vibes.

Valuation and Timeline: The Deal's Heating Up

The contributing firms are set to score equity in 21 Capital, valuing Bitcoin at a cool $85,000 per coin. While things could shift, insiders say the deal's ready to hit the headlines in the coming weeks. Buckle up, it's going to be a wild ride!

Cantor Fitzgerald and Tether: A Power Duo with a Past

Cantor Fitzgerald's no stranger to Tether, having advised on their $775 million investment in the video-sharing platform Rumble. This new venture comes as the Trump administration's showing more love to crypto, despite Tether and Bitfinex's history of regulatory tussles.

A New SEC Chairman: Crypto's Best Friend?

Adding fuel to the fire, the new Securities and Exchange Commission chairman, Paul Atkins, is all about fast-tracking regulatory clarity and pushing policies that'll supercharge crypto innovation. With all these pieces falling into place, 21 Capital could be the game-changer the crypto world's been waiting for!