Cantor Fitzgerald reportedly enters the Bitcoin Investment Arena with plans to launch a digital assets of $ 3 billion, Financial times reported on April 23.
The initiative is supported by heavyweight partners, including Stablecoin Emittent Tether, Softbank and Crypto Platform Bitfinex.
21 capital
The company, called 21 Capital, will use $ 200 million in seed financing in January that has been protected by Cantor Equity Partners.
Brandon Lutnick, son of the American trade secretary Howard Lutnick, leads the effort. The company wants to reflect the Bitcoin-oriented process that Micrstrategy, now renamed strategy, changed a dominant power in the market.
In contrast to strategy, which Bitcoin has directly purchased to build his participations, 21 Capital starts contributions from the founders. Tether is expected to deliver $ 1.5 billion to Bitcoin. Softbank adds $ 900 million and BitFinex will contribute $ 600 million.
In addition to this first assets, 21 Capital is also planning to collect another $ 550 million. This includes $ 350 million of convertible bonds and $ 200 million through private equity. The new capital goes to further Bitcoin acquisitions and positions the company to compete with existing public companies with large crypto reserves.
To support its activities, Cantor Fitzgerald Copper and Anchorage Digital has applied to manage custody and collateral. The aim is to offer safe, bitcoin-supported financing solutions that are tailored to institutional investors.
Institutional demand for bitcoin is growing
This company underlines an increasing trend of traditional financial institutions that deepen their exposure to digital assets.
The movement of Cantor Fitzgerald reflects the shift that strategy made a top stock performance by offering investors indirect Bitcoin barking.
Strategy currently has more than 534,000 BTC, with a value of nearly $ 50 billion, making it the largest company holder of the TopCrypto -active.
In the meantime, Softbank’s participation in 21 capital also indicates a renewed bet on Bitcoin.
Vaneck’s Mathew Sigel noted That the CEO of the company, Masayoshi Son, reportedly lost more than $ 130 million after a poorly timed BTC investment of $ 200 million in 2017.
This time, however, Softbank appears dedicated to the long term. Earlier in the year, the $ 50 million invested in figure mining and it went into negotiations to support powerful computer infrastructure, although the deal dropped.
