A collaborative group spearheaded by Brandon Lutnick’s Cantor Equity Partners is gearing up for one of the most daring treasury-like investments in Bitcoin since MicroStrategy initially transformed its financial statements into a representation of the cryptocurrency market. As reported by the Financial Times, the special-purpose acquisition company (SPAC) associated with brokerage Cantor Fitzgerald has secured a total of $3 billion in bitcoin investments from SoftBank, Tether, and Bitfinex to establish a new organization named 21 Capital.
Cantor, SoftBank, and Tether Make Major Investment in Bitcoin
This agreement will signify a significant introduction for Brandon Lutnick—who was recently appointed chair of Cantor Fitzgerald after his father, Howard Lutnick, assumed a role in the Trump administration as the commerce secretary—into the heart of an anticipated post-election resurgence in US digital-asset investments. Three individuals informed about the strategy shared with the FT that 21 Capital intends to emulate “the achievements of MicroStrategy, a former software firm that soared after shifting to cryptocurrency investment.”
Cantor Equity Partners raised $200 million during its January IPO. This capital, along with the partners’ Bitcoin, would provide the foundational treasury for 21 Capital. The allocation mentioned in the report designates $1.5 billion in Bitcoin from Tether, $900 million from SoftBank, and $600 million from Bitfinex. Additionally, a further $350 million convertible bond and $200 million private equity placement are being arranged “to acquire more Bitcoin,” the sources noted.
Upon conclusion, the digital-asset contributions would be converted into 21 Capital shares at $10 each, assigning a value of $85,000 per transferred Bitcoin. The strategy remains in flux. The FT warns that “while the announcement is likely to happen in the next few weeks, it could still fail to materialize, and the figures might be altered.”
MicroStrategy’s multiyear Bitcoin accumulation has resulted in a market capitalization of $91 billion, and its model—issuing equity and low-interest debt to fund additional purchases—has turned into a guide for corporate treasury adoption of digital assets. Lutnick’s suggested vehicle is the inaugural SPAC specifically crafted to replicate that blueprint on a broader scale, and it emerges as the Trump administration indicates “a more supportive approach to cryptocurrency trading.”
Cantor Fitzgerald has already gained from the new regulatory climate, having provided counsel on Tether’s $775 million investment in the conservative video-sharing platform Rumble. The brokerage is also backing two more Lutnick-led SPACs that remain in search of objectives.
The involvement of SoftBank—with “$180 billion in assets, $32 billion in cash, and a vast portfolio of firms,” as BTC Inc. chief executive David Bailey noted—provides the proposed entity with immediate international significance. Bailey informed followers on X, “SoftBank has officially entered the Bitcoin arena with an initial $900 million acquisition… Masayoshi Son!” Steven Lubka, who manages Swan Private Wealth, stated succinctly: “Cantor, SoftBank, and Tether launching a BTC acquisition initiative.”
Market analysts have promptly associated the consortium’s emergence with Bitcoin’s recent price movements. Tuur Demeester, host of the B Reel podcast and a director at the Texas Bitcoin Foundation, remarked that “this announcement could clarify why Bitcoin has increased by 12% over the last week.”
Jeff Park, leading Alpha Strategies at Bitwise, contextualized the partnership in geopolitical terms, describing it as “the ultimate ‘exorbitant privilege’ venture— a move so remarkable you cannot begin to comprehend how it will invigorate the dollar export apparatus in a constructive feedback loop of the current global carry system.”
At the time of publication, BTC was trading at $93,391.
Featured image crafted with DALL.E, chart from TradingView.com
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