Cantor, SoftBank, and Tether Forge $3 Billion Bitcoin Alliance with 21 Capital

In a landmark move for the cryptocurrency sector, a consortium led by Cantor Equity Partners—backed by Cantor Fitzgerald—has secured $3 billion in funding from SoftBank, Tether, and Bitfinex to seed a new entity, 21 Capital. This strategic bet on Bitcoin signals growing institutional confidence in digital assets, particularly under the leadership of Cantor Fitzgerald’s new chair, Brandon Lutnick. The initiative is poised to capitalize on an anticipated post-election surge in U.S. digital-asset investments, marking a pivotal moment for Bitcoin’s integration into mainstream finance.

Cantor, SoftBank, and Tether Unite for $3 Billion Bitcoin Bet

A consortium led by Cantor Equity Partners, backed by brokerage Cantor Fitzgerald, is preparing a major treasury-style bet on Bitcoin. They have secured a combined $3 billion in contributions from SoftBank, Tether, and Bitfinex to seed a new entity called 21 Capital. This marks a significant move by Brandon Lutnick, newly installed as Cantor Fitzgerald chair, into the center of expected post-election revival in US digital-asset investing.

Cantor, SoftBank, and Tether Launch $3B BTC Fund

Cantor, a financial services giant, has partnered with SoftBank and Tether to launch 21 Capital, a fund seeded with $3 billion in Bitcoin. Cantor Equity Partners, a special purpose acquisition company, raised $200 million in January and plans to go public. Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million, respectively. The fund aims to replicate the success of Strategy, a public company that heavily invested in Bitcoin.

China Increases Gold Reserves, While Investors Eye Bitcoin as Safe Haven

As geopolitical tensions between the U.S. and China escalate, both countries are strengthening their strategic financial positions. While the U.S. aims to become a global crypto leader, China has quietly added five tonnes of gold to its reserves in less than a month. Meanwhile, Bitcoin and gold prices ROSE as investors sought safe-haven assets. Notably, over 60 new whale wallets now hold 1,000+ BTC since early March. Additionally, Chinese authorities seized 15,000 Bitcoin worth around $1.4 billion from illicit operations, prompting local officials to explore disposal strategies. These developments highlight the contrasting approaches of the two nations in navigating the uncertain geopolitical landscape.

Analyst Cautions on Bitcoin Rally Hopes Amid Lagging Stablecoin Indicator

Bitcoin’s rally faces a potential hurdle as stablecoin minting—a key indicator of fresh capital inflows—lags behind price action. Analysts warn that without sustained liquidity, the cryptocurrency’s upward momentum could stall. Despite bullish technical signals, including a falling wedge pattern that suggests a 20% climb from current levels, the market’s reliance on new money remains a critical factor. Bitcoin recently breached $85,000, turning it into support, and traded at $93,714, but the path to higher highs hinges on broader participation. "Liquidity drives crypto markets," says one trader. "Without it, even the most promising charts can falter."

Tesla Misses Q1 Revenue Targets but Still Holds Valuable BTC

Tesla has reported Q1 revenue of $19.34 billion, falling short of market expectations of $21.37 billion. Despite this, the electric vehicle giant continues to hold onto its strategic asset, Bitcoin, with approximately 11,509 BTC currently valued at $1 billion. The primary revenue stream from the electric vehicle segment declined by 20% year-over-year, mainly due to a 13% drop in deliveries and a 16% reduction in production. Tesla’s stock price has also suffered, dropping 41% since the beginning of 2025 amidst controversies surrounding CEO Elon Musk. Notably, Bitcoin remains a strategic asset for Tesla, with the company holding onto its remaining holdings after selling 75% in July 2022.

Bitcoin Surges Past $91K Driven by ETF Inflows

Bitcoin has surpassed $91,500, a level not seen since March 7. The surge is fueled by massive inflows into Bitcoin ETFs, with Fidelity, BlackRock, ARK Invest, and Bitwise actively buying Bitcoin to back their ETF offerings. On April 21, Bitcoin ETFs witnessed $381 million in net inflows. Meanwhile, Ethereum ETFs are still eroding, but some large players are slowly accumulating ETH from exchanges. The renewed institutional interest and accumulation of spot-bitcoin ETFs have driven the price of Bitcoin up.