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_
A sea of red in crypto markets ahead of Asian opening. Doesn't smell good...
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JUST IN: Over $330,000,000,000 added to the cryptocurrency market in the past 4 hours.
Source: www.zerohedge.com
The idea of XRP, SOLANA and CARDANO in a strategic U.S. reserve is so retarded that even Peter Schiff is becoming a Bitcoin maximalist.
Source: The ₿itcoin Therapist @TheBTCTherapist
Crypto taxation around the world 🌎
Source: Blossom @meetblossomapp, Visual Capitalist
Started from the bottom now we're here.
Source: BitcoinTeddy on X
🚨CRYPTO ADOPTION 43% FASTER THAN MOBILE PHONES, 20% FASTER THAN INTERNET
Crypto has hit 300M users in just 12 years—43% faster than mobile phones and 20% faster than the internet, per BlackRock. Younger generations, inflation fears, and Trump’s pro-crypto stance are fueling the surge. With bitcoin ETFs projected to hit $250B and regulatory wins piling up, crypto’s mainstream takeover is accelerating. Source: BlackRock thru Mario Nawfal on X
The PaxGold stablecoin is tradeable 24/7. On the back of Trump's Tariff announcement, it went parabolic trading above $3,000 at some point...
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. Source: kucoin
