As a researcher, I’m sharing news that caught my attention: Brandon Lutnick, being the chair of Cantor Fitzgerald, is joining forces with SoftBank, Tether, and Bitfinex to establish a Bitcoin acquisition firm valued at an impressive $3 billion, according to a report by Financial Times on April 23.
As per the document, this venture intends to establish a publicly traded corporation that could seize opportunities in the expanding cryptocurrency market during the tenure of U.S. President Donald Trump, emulating the prosperity achieved by Michael Saylor’s business.
In this arrangement, Tether, SoftBank, and Bitfinex’s Bitcoin holdings are being transformed into 21 Capital stock shares. The value of a single Bitcoin is fixed at approximately $85,000, while each share is valued at $10. Keep in mind that this deal is still underway, and certain aspects may be modified.
For quite some time, Cantor Fitzgerald has been involved in the cryptocurrency industry. Since 2021, it has managed Tether’s Treasury and holds a 5% stake in the stablecoin issuer directly. Additionally, it launched a $2 billion fund for Bitcoin financing to help institutions finance their digital assets.
This has brought a new advancement between the modern financial system and the blockchain.
Read More
- Lucky Offense Tier List & Reroll Guide
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- Unleash Your Heroes’ True Potential: Best Stadium Builds for Every Overwatch 2 Hero
- Best Crosshair Codes for Fragpunk
- SWORN Tier List – Best Weapons & Spells
- Why Yellowstone and Virgin River Fans Can’t Miss Netflix’s Ransom Canyon This Week!
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- How To Find And Solve Every Overflowing Palette Puzzle In Avinoleum Of WuWa
- Here’s How Overwatch 2’s Stadium Mode Heroes, Powers, And Bounties Work
- Gaming News: What’s Everyone Playing This Week? Wednesdays Are for Games!
2025-04-23 10:11