Cantor Fitzgerald, SoftBank, and Tether Team Up for $3 Billion Bitcoin Fund Amid Market Resurgence
In a significant move signaling renewed institutional confidence in Bitcoin, Cantor Fitzgerald has partnered with SoftBank, Tether, and Bitfinex to launch a $3 billion cryptocurrency venture called 21 Capital. Spearheaded by Brandon Lutnick, the fund aims to capitalize on the growing institutional interest in digital assets, mirroring the successful strategy of MicroStrategy. The announcement comes as Bitcoin regains traction among corporate investors seeking alternative treasury assets.
Cantor Fitzgerald, SoftBank, Tether to Launch $3 Billion Bitcoin Fund
Cantor Fitzgerald is collaborating with SoftBank, Tether, and Bitfinex to launch a $3 billion cryptocurrency venture named 21 Capital. The initiative, led by Brandon Lutnick, aims to capitalize on renewed interest in digital assets. The fund will focus on acquiring Bitcoin, emulating the success of MicroStrategy, which saw its valuation skyrocket after adopting bitcoin as a primary treasury asset.
Brandon Lutnick Launches $3B Bitcoin SPAC Backed by SoftBank, Tether
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of Cantor Fitzgerald, is launching a listed Bitcoin investment vehicle called Cantor Equity Partners. The SPAC raised $200 million in January and will form a new firm, 21 Capital, seeded with $3 billion in BTC from SoftBank, Tether, and Bitfinex. The deal converts the BTC into equity at a valuation of $85,000 per coin, mirroring MicroStrategy’s bitcoin proxy model.
Michael Saylor Predicts Bitcoin to Reach $10 Million
Bitcoin’s biggest cheerleader, Michael Saylor, has doubled down on his prediction that Bitcoin will reach $10 million. In a recent interview, the MicroStrategy co-founder revealed his early Bitcoin obsession and his journey to becoming one of Bitcoin’s most influential advocates. Saylor has been rallying both Wall Street and retail investors to invest in Bitcoin, which some argue has contributed to institutional giants finally paying attention to the cryptocurrency.
Arthur Hayes Predicts Bitcoin Price Surge Due to U.S. Treasury Buybacks
Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could hit $110,000 to $200,000 when U.S. Treasury bond buybacks inject major liquidity into markets. Hayes cited the Treasury’s plan to issue new debt to repurchase older, less liquid bonds, which could smooth out the bond market and offer arbitrage opportunities for institutional investors. He believes Treasury Secretary Scott Bessent will rely on bond issuance and buybacks to maintain market stability amid widening U.S. deficits and declining tax revenue.
Bitcoin Price Surges Despite Market Turmoil
Bitcoin price has soared today, defying broader market turmoil caused by escalating tariff tensions and a weakening dollar. While U.S. stock prices have plummeted, Bitcoin is rallying alongside gold, sparking fresh debate about its role as a SAFE haven asset. Since the recent surge, Bitcoin has climbed significantly, while stocks and other traditional assets have fallen. This sharp contrast points to a potential decoupling between crypto and equities, with Bitcoin’s 30-day correlation with the S&P 500 currently indicating a partial break from traditional market trends. The rally was triggered by a recent statement from the U.S. Treasury Secretary encouraging risk-on sentiment.
