Cantor Fitzgerald Leads $3B Bitcoin Acquisition Consortium

Cantor Fitzgerald, a major financial services firm, has orchestrated a significant investment in Bitcoin, spearheading a $3 billion acquisition supported by prominent players like Tether and SoftBank. This landmark deal, through the creation of 21 Capital, marks a crucial step towards bolstering Bitcoin’s institutional appeal. This initiative brings together industry giants like SoftBank, Tether, and Bitfinex for a collaborative effort. The structure relies on a special purpose acquisition company (SPAC), indicating a growing trend towards large-scale cryptocurrency investments.