Overview

• Brandon Lutnick, chair of Cantor Fitzgerald, is leading the creation of 21 Capital, a bitcoin acquisition vehicle under Cantor Equity Partners.
• Tether, SoftBank, and Bitfinex are contributing $1.5 billion, $900 million, and $600 million in bitcoin, respectively, totaling $3 billion.
• The venture aims to emulate MicroStrategy’s model by converting bitcoin contributions into shares at a valuation of $85,000 per bitcoin.
• An official announcement is expected in the coming weeks, though the deal's terms and figures remain subject to change or cancellation.
• This move builds on Cantor’s recent crypto initiatives, including a $2 billion bitcoin lending program and integration with Anchorage Digital and Copper.