Cantor, Tether, SoftBank Lead $3B Bitcoin Initiative
- Cantor Fitzgerald leads $3B Bitcoin acquisition with partners.
- Institutional interest increases Bitcoin market confidence.
- Bitcoin price peaks at $91,000 following the announcement.
Cantor Fitzgerald, alongside Tether and SoftBank, has launched a $3 billion Bitcoin acquisition through a new SPAC. This major financial move takes place as Bitcoin prices soar, reflecting significant institutional interest.
This strategic move highlights a growing trend among major institutions to incorporate Bitcoin into their financial portfolios, responding to market dynamics with renewed confidence.
Cantor Fitzgerald, guided by Brandon Lutnick, collaborates with Tether and SoftBank to establish a new acquisition SPAC, 21 Capital, to manage Bitcoin holdings. This consortium is a testament to Wall Street’s growing crypto involvement .
Tether contributes $1.5 billion, SoftBank $900 million, and Bitfinex $600 million in Bitcoin, demonstrating the extensive collaboration. This alliance aims to compete with existing corporate Bitcoin strategies like that of Strategy .
The Bitcoin acquisition by these major financial entities has instigated positive market sentiment, with the cryptocurrency reaching new price heights. This collaboration signals a transformative shift in institutional Bitcoin involvement.
Financial implications include an increased concentration of Bitcoin among corporate treasuries, as demonstrated by the price surge. Regulatory responses may evolve as market participation widens. Bitcoin remains a focal point amidst these developments.
Institutional purchases have historically driven price surges and renewed market interest. This recent acquisition is likely to enhance Bitcoin’s standing as a corporate asset, fostering further integration.
Pete Rizzo, Bitcoin Historian, The Bitcoin Historian, said, “WALL STREET GIANT CANTOR FITZGERALD RAISING $3 BILLION TO CREATE A ‘MASSIVE STOCKPILE OF #BITCOIN’ THEY WANT TO COMPETE WITH MICROSTRATEGY. MASSIVE.” – Source
Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether expands USDT supply with new 1B USDT mint on Tron
Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.
Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets
Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

US equities dip as investors wait for trade deal updates, Mag 7 earnings
Microsoft, Meta, Amazon and Apple are slated to report Q1 earnings this week, and we’re watching one especially closely
Get Ready for ZEN’s Big Move to Base
Trending news
MoreCrypto prices
More








