A consortium led by Brandon Lutnick's Cantor Equity Partners is preparing one of the most seeking treasury-style bets in Bitcoin because microstrategy first balances its in a proxy for the cryptocurrency market. According to a financial time Report.
Cantor, softbank, and tether bet big in bitcoin
The deal was to mark a dramatic entrance for Brandon Lutnick-who was installed as the Cantor Fitzgerald chair after his father Howard Lutnick, joined the Trump administration as secretary of Commerce-in the middle of a expected post-election revival in US digital-asset investment. Three people briefing the plan told FT that 21 capital would seek to replicate “the success of the microstrategy, a one-time software company advanced after pivoting cryptocurrency investment.”
Cantor Equity Partners raised $ 200 million in January IPO. That cash, along with the partners' Bitcoin, will provide the main ark of 21 capital. The breakdown mentioned in the report provided $ 1.5 billion in Bitcoin from Tether, $ 900 million from Softbank and $ 600 million from Bitfinex. An additional $ 350 million bonded bond and $ 200 million private equity putting “to buy additional Bitcoin,” resources said.
Upon completion, digital-asset contributions will change to 21 capital shares to $ 10 per part, appreciating the moved bitcoin to $ 85,000 per coin. The plan is still liquid. The FT's caution that “the deal is likely to be declared in the coming weeks, it can still fail to be materialize, and the numbers may change.”
Microstrategy's Multiyear Bitcoin Accumulation has made a $ 91 billion market capitalization, and its model-which releases equity and low-coupon debt to supply additional purchases-has become a playbook for the adoption of corporate-treasury of digital assets. Lutnick's proposed vehicle was the first spac that was clearly designed to mimic the scale template, and it came as Trump management signed “a more accommodation stance on cryptocurrency trading.”
Cantor Fitzgerald has already benefited from the new policy climate, advising Tether's $ 775 million investment in the Rumble video sharing. The brokerage also sponsored two additional Lutnick-led spacs that remain in search of targets.
Having a softbank – with “$ 180 billion in property, $ 32 billion cash, and a massive portfolio of companies,” as BTC Inc.'s chief executive. noticed—IVES The proposed vehicle is an immediate global prevention. Bailey told followers at X, “Softbank officially entered the Bitcoin market with an initial $ 900m acquisition … Masayoshi son!” Steven Lubka, who runs Swan's private wealth, has just posted: “Cantor, Softbank, and Tether who launches a BTC getting a vehicle.”
Market observers can quickly link the emergence of the consortium to the recent Bitcoin price action. Tuur Demeester, host of B Reel Podcast and a director at Texas Bitcoin Foundation, write that “this announcement may explain why Bitcoin reached 12% last week.”
Jeff Park, head of alpha techniques in Bitwise, Framing Collaboration in terms of geopolitical, calling it “the ultimate 'extreme privilege' joint adventure – a wild move that you can't start with how the dollar exporting machine can eliminate it in a positive feedback loop of the existing global delivery system.”
At the time of the press, the BTC exchanged $ 93,391.
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