Brandon Lutnick Launches $3 Billion Bitcoin Fund with Major Backing from SoftBank, Tether, Bitfinex

A significant new development in the cryptocurrency world sees Brandon Lutnick launch a $3 billion Bitcoin initiative backed by key players in the industry. This venture will see contributions of up to $1.5 billion from Tether, with further support coming from SoftBank and Bitfinex. Lutnick’s strategy focuses on accumulating Bitcoin holdings, which could potentially drive market value upwards. The goal is to position the cryptocurrency as a strategic asset within institutional portfolios. Lutnick’s effort comes as a major shift for Cantor Fitzgerald, highlighting their commitment to cryptocurrencies.