Brandon Lutnick Partners With SoftBank, Tether, And Bitfinex For $3B Digital currency Acquisition Initiative

Brandon Lutnick, the offspring of US Commerce Secretary Howard Lutnick and the current chair of Cantor Fitzgerald, is at the forefront of an ambitious new cryptocurrency venture partnering with major players SoftBank, Tether, and Bitfinex.

The collective is establishing a $3 billion BTC acquisition fund to take advantage of the resurgence of crypto interest during President Donald Trump’s administration.

As per insiders acquainted with the situation, the alliance intends to create a special purpose acquisition company (SPAC) that will gather billions in Bitcoin from its stakeholders.

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Transforming Bitcoin Acquisition Into Financial Triumph

This approach reflects the noteworthy achievements of MicroStrategy, which reinvented itself from a software entity to a significant influencer in crypto markets by vigorously accumulating Bitcoin.

Currently, MicroStrategy possesses tens of billions in BTC, boasting a trading market cap of $91 billion, thanks to its daring shift towards crypto asset.

Lutnick’s enterprise, called Cantor Equity Partners, secured $200 million in January to initiate the setup of a new organization named 21 Capital. This entity is expected to garner $3 billion in Bitcoin contributions—$1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex.

Tether and Bitfinex, both under the same parent organization, are recognized for their significant yet frequently contentious roles within the crypto asset landscape.

There’s a new @saylor in town

Takeaways from this announcement:

TLDR: Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, and his firm Cantor is partnering with Softbank, Tether, and Bitfinex to create a multi-billion dollar SPAC for buying BTC.

1. USDC has… pic.twitter.com/54jked3npb

— robbie (@robbie_rollup) April 23, 2025

In addition to the contributions from partners, Cantor Equity Partners intends to secure a $350 million convertible bond alongside a $200 million private equity infusion to further enhance its Bitcoin portfolio.

The overarching aim is to convert these Bitcoin investments into shares of 21 Capital at an estimated value of $85,000 per Bitcoin, with shares priced at $10 each.

While the agreement is anticipated to be officially unveiled in the near future, sources warn that particulars may change and the deal could potentially fall apart.

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Tether And Bitfinex Poised To Capitalize On Trump’s Crypto-Friendly Regulatory Changes

This ambitious endeavor surfaces as the Trump administration indicates a more supportive regulatory landscape for cryptocurrencies. Tether and Bitfinex, despite past regulatory settlements with New York regulators and the CFTC in 2021, seem ready to take advantage of this regulatory shift.

BTC itself has experienced significant price movements. It reached a high of $106,000 shortly after Trump’s election triumph. Additionally, it found stability around $92,000—close to its peak values.

Meanwhile, MicroStrategy has seen a 20% drop from its November high.  

This strategic alliance is merely the start of an extensive SPAC initiative by Cantor Fitzgerald. Beyond Cantor Equity Partners, two additional SPACs led by Brandon Lutnick are actively pursuing opportunities, with the brokerage also underwriting several third-party SPACs recently.

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