💸 According to the Financial Times, investment company Cantor Fitzgerald is launching a new crypto fund of $3 billion to invest in Bitcoin. Partners include Tether, SoftBank, and Bitfinex.
🌐 A company called 21 Capital will be created to implement the project. The goal is to offer a 'public alternative' to the traditional strategy of funds like Strategy.
💵 Investment volumes:
1️⃣ Tether will provide BTC worth $1.5 billion
2️⃣ SoftBank — $900 million
3️⃣ Bitfinex — $600 million
🔜 In return, partners will receive shares in 21 Capital: assets will be converted into company shares at a rate of $85,000 per 1 BTC, with a base price of $10 per share.
📌 Cantor also plans to raise another $550 million through bonds and private investments.
🗓 The official announcement is expected this week, but the terms may change.
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