Cantor Fitzgerald Invests $3 Billion in Bitcoin with Tether and SoftBank

Cantor Fitzgerald, under new leadership, has partnered with Tether, SoftBank, and Bitfinex to launch a $3 billion Bitcoin-focused special purpose acquisition company (SPAC). This bold move aims to significantly boost institutional adoption of Bitcoin. The SPAC, announced at Bitcoin 2024 in New York, highlights the growing interest from traditional financial institutions to invest in cryptocurrency.