Major Firms Bet Big on Bitcoin with $3 Billion Investment Strategy

A new consortium of financial giants, including Cantor Fitzgerald, SoftBank, and Tether, has pledged $3 billion to a cryptocurrency investment venture. This initiative, dubbed ‘21 Capital,’ aims to strategically acquire Bitcoin while expanding its presence in the digital currency market. Leading contributors include Tether with $1.5 billion, SoftBank with $900 million, and Bitfinex contributing $600 million. This venture will introduce a novel Bitcoin-centric investment model, inspired by traditional financial offerings, aiming to cater to those seeking fast returns in the volatile crypto space.