Cantor, Tether, and SoftBank Lead $3B Bitcoin Initiative

A groundbreaking initiative has been launched by Cantor Fitzgerald, alongside Tether and SoftBank, as they combine resources to invest $3 billion in Bitcoin through a new Special Purpose Acquisition Company (SPAC). This strategic move comes amid a surge in Bitcoin’s price, reflecting growing confidence from institutional investors. 21 Capital, the newly formed entity responsible for managing these holdings, is backed by Cantor Fitzgerald’s leadership under Brandon Lutnick, alongside Tether and SoftBank. This collaboration showcases Wall Street’s increasing involvement in the cryptocurrency market.