- Cantor Fitzgerald partners with Tether, SoftBank, and Bitfinex to form 21 Capital.
- The venture aims to mirror Saylor’s Strategy and offers a publicly traded Bitcoin vehicle.
- Tether will contribute $1.5B in BTC, SoftBank $900M, and Bitfinex $600M to the venture.
Cantor Fitzgerald is spearheading a bold $3B Bitcoin venture with Tether, SoftBank, and Bitfinex, marking one of the most significant institutional moves in the crypto ecosystem. The initiative, led by Brandon Lutnick, is the son of Howard Lutnick, who recently became U.S. Commerce Secretary. The venture, titled 21 Capital, mirrors Saylor’s Strategy by offering traditional equity exposure connected to Bitcoin’s performance.
According to the Financial Times, the group plans to inject Bitcoin directly into 21 Capital. Tether is expected to contribute $1.5 billion worth of BTC, while SoftBank will add $900 million, and Bitfinex commits $600 million. These contributions will eventually convert into 21 Capital equity, with the conversion based on a Bitcoin price and a share price of $10.
Also, the venture aims to raise an additional $350 million through convertible bonds and $200 million in private equity. These funds will be used to acquire more Bitcoin and extend the firm’s holdings. While the deal is not finalized, some details may change before the official announcement. However, as per sources, the timeline has been confirmed. Further, Lutnick and his team intend for 21 Capital to become a publicly listed Bitcoin acquisition company.
The move comes amid signs of renewed interest in Bitcoin among major institutions. Cantor Fitzgerald has a long history in crypto finance, managing Tether’s Treasury portfolio and handling over $134 billion in reserves, mostly U.S. Treasury bills. Further, he owns a 5% stake in Tether and advised on Tether’s $775 million investment in Rumble last year.
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In March, Cantor launched a Bitcoin financing arm with $2 billion in starting capital, partnering with Anchorage Digital and Copper to manage crypto-backed loans for institutional clients.
The 21 Capital project aims to offer investors an exposure to Bitcoin through a traditional equity vehicle, mirroring the technique used by Saylor’s Strategy, wherein the latter had accumulated over 530,000 BTC worth more than $36 billion.
On the other hand, backers of 21 Capital believe the current political conditions favor crypto growth. President Trump’s administration has shown a supportive stance toward digital assets. The venture reflects a broader shift by traditional financial players into Bitcoin.
The new company will position itself as a long-term holder of Bitcoin. Its equity structure ties investor value directly to the performance of BTC. Although the final terms are under negotiation, the backing from Tether, SoftBank, and Bitfinex marks a major institutional commitment.
