BREAKING: Cantor Fitzgerald, SoftBank, Tether, and Bitfinex are pooling $3 billion to create 21 Capital, a Bitcoin investment firm.
The initiative mirrors Strategy's Bitcoin plan, with contributions from Tether ($1.5 billion), SoftBank ($900 million), and Bitfinex ($600 million). Brandon Lutnick, current chair and CEO of Cantor Fitzgerald and son of former CEO Howard Lutnick, is at the helm of this venture. The initiative will utilize funds from Cantor Equity Partners, a special purpose acquisition company (SPAC) that raised $200 million earlier this year. The investment contributions to 21 Capital are substantial, with Tether expected to provide $1.5 billion in Bitcoin. SoftBank will contribute $900 million, while Bitfinex plans to supply $600 million worth of the crypto. This collaboration aims to mirror the investment approach pioneered by Michael Saylor's Strategy, which has seen significant success in the Bitcoin market🔥 The report highlights that the Bitcoin holdings from these companies will eventually be converted into shares of 21 Capital, valued at $10 per share, suggesting a valuation of $85,000 per Bitcoin. Additionally, Cantor's vehicle plans to raise $350 million through a convertible bond and an additional $200 million via private equity placements for further Bitcoin acquisitions. The Financial Times notes that an official announcement regarding this venture is expected in the coming weeks, although details may still be subject to changes or cancellation. Source: The Bitcoin Historian @pete_rizzo_
On Wednesday morning, Bitcoin flipped Google in market cap.
Yet compared to global assets, it’s barely a blip: 🏠Real Estate: $635T 📉Debt: $141T 📊Equity: $125T 🥇Gold: $23T ₿ Bitcoin: $2T Source: Priced in ₿itcoin ∞/21M @PricedinBTC on X
Global M2 (in orange) vs bitcoin lagged 10 weeks (in blue)
M2 proxy vs BTC continues to hold. Could the surge in Global M2 push $BTC to new highs?
VanEck confirms that China and Russia are settling energy trades in Bitcoin.
Has De-dollarization already started?
At over 500,000 bitcoin, MSTR has a larger bitcoin treasury than any company on earth today.
Source: @Saylor on X
As our proprietary charts of M2 proxy (10 weeks advance) vs BTC and S&P500 suggested on Friday
The bottom could be near for risk assets as the lagged effects of a weaker dollar on global liquidity will provide a support to stocks and BTC Yesterday's advance seem to corroborate these findings. Source: Bank Syz
⚠ Swiss National Bank Says NO to Bitcoin!
SNB President Martin Schlegel confirms no plans to buy BTC or any crypto, citing volatility & regulatory concerns. Source: Roi Market @RoiMarkett
🔴 BREAKING: THE 40X SHORT WHALE IS NOW 40X LONG WHALE ‼️
HE OPENED A $37.9 MILLION BTC LONG WITH LEVERAGE. ENTRY PRICE $84,500 AND LIQUIDATION AT $83,000. Source: Ash Crypto on X
