American Financial Services Firm Cantor Fitzgerald with more than 5,000 institutional clients cooperated with Softbank, Tether, and Bitfinex to launch a $ 3 billion investment vehicle in Bitcoin named twenty -one capital.
This initiative, announced on April 23, 2025, aims to emulate the Microstrategy approach to hold a large Bitcoin reserve.
Basic Adventure Details
- Developing twenty -one capital: Consortium plans to establish twenty -one capital by a reverse merger in Cantor Equity Partners, a special purpose of getting a company (SPAC) raising $ 200 million in January.
- Bitcoin contributions: Tether $ 1.5 billion, softbank $ 900 million, and Bitfinex $ 600 million.
- Additional Fund: The adventure aims to raise an extra $ 385 million through a convertible bond and $ 200 million through a private equity placement to get more bitcoin.
- Sets of Appreciation: Investments will change to share twenty -one capital to $ 10 per part, with Bitcoin worth $ 85,000 per coin.
- Leadership: Jack Malers, known for his work on the Bitcoin Payment Platform Strike, will lead the new company.
Why Important: This step represents one of the most huge institutional promises in Bitcoin to this day. By developing a public creature dedicated to Bitcoin accumulation, the consortium provides the traditional investor of a new avenue to obtain exposure to the crypto market.
The approach was a mirror of microstrategy, which saw the market capitalization of the market after being adopted by Bitcoin as the main owner of Treasury. Twenty -one approach of capital can further enhance the role of Bitcoin in corporate finance and potentially influence other institutions to consider similar approaches.
They said:
- Twenty-one co-founders and CEOs, Jack Malers, mentioned that markets require reliable money to measure value and provide well-being.
- “We believe Bitcoin is the answer, and twenty -one is how we bring that answer to the public markets,” Jack added.
- “Our mission is simple: to be the most successful company in Bitcoin, the most important financial opportunity of our time. We are not here to defeat the market, we are here to build a new one. A public stock, developed by bitcoiners, for bitcoiners.”
“Bitcoin is just one of the real decentralized, irreversible, and properties that are resistant to censorship,” said Tether CEO, Paolo Ardoino. “Its role as the foundation of a new financial system is inevitable.”
Implications on the market
The announcement has a tangible impact on the market. Cantor Equity Partners now shares 54.8% to close at $ 16.44. Moreover, the major Bitcoin purchase of venture can influence market dynamics, which potentially affect the price and volatility of bitcoin. The involvement of major players such as Softbank and Tether also emphasizes a growing institutional interest in cryptocurrency assets.
The initiative aligned with a broader move to the US policy towards a more crypto-friendly bearing under President Donald Trump’s administration. This environment can facilitate the growth of similar adventures and encourage further institution participation in the cryptocurrency market.
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