21 Capital’s Bitcoin Blitz: The New Crypto King? 👀
A massive $3 billion Bitcoin fund, 21 Capital, backed by heavyweights like Cantor, SoftBank, Tether, and Bitfinex, is shaking up the crypto world. Led by Brandon Lutnick, the fund aims to gobble up Bitcoin with plans to raise $350 million through convertible bonds and $200 million in private equity. It’s taking a page from MicroStrategy’s playbook but with a twist: turning Bitcoin into equity with shares priced at $10, implying an $85,000 valuation per coin. This comes as Bitcoin blasts past $90k, fueled by a pro-crypto Trump administration and a shift away from gold. Meanwhile, macro risks like trade tensions and geopolitics linger, but a stable Fed Chair Powell calms some fears. Markets are cautious but optimistic, with U.S. equities near record highs.
This is a wild move that could redefine how institutions play the crypto game. 21 Capital’s aggressive Bitcoin bet feels like a statement: crypto isn’t just a side hustle anymore, it’s a core asset. The timing, with political winds shifting and Bitcoin soaring, is spot-on. But the macro risks—trade wars, regulatory curveballs—make me think this isn’t a slam dunk. It’s bold, exciting, and a bit nerve-wracking all at once. If they pull it off, 21 Capital could be the new poster child for crypto’s mainstream takeover.
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