According to three informed sources, this consortium plans to establish a multi-billion dollar Bitcoin investment company, 21 Capital, aiming to emulate the transformation model of the software company Strategy (formerly MicroStrategy): by absorbing a substantial amount of Bitcoin assets from partners, it seeks to create a similar cryptocurrency asset holding company.
Brandon Lutnick’s move is seen as a strategic action to seize influence in the cryptocurrency investment boom. Brandon Lutnick took over the brokerage firm Cantor Fitzgerald after his father was appointed a senior trade official in the Trump administration. This new initiative will be led by him and advanced through the special purpose acquisition company (SPAC) Cantor Equity Partners.
It is reported that Cantor Equity Partners raised $200 million in January of this year, which will be used to establish the new company, 21 Capital. The company will acquire $3 billion worth of Bitcoin assets from multiple partners:
- Tether contributes $1.5 billion equivalent in Bitcoin
- SoftBank contributes $900 million
- Bitfinex invests $600 million
Additionally, 21 Capital will further expand its Bitcoin holdings through the issuance of $350 million in convertible bonds and $200 million in private equity. Ultimately, partners will convert their invested Bitcoin into shares of 21 Capital at a price of $10 per share, which values each Bitcoin at $85,000.
Informed sources indicate that the deal is expected to be announced publicly within a few weeks, but also emphasize that the plan remains subject to variables and conditions may change.
