$BTC Singer Close to $3B Cryptocurrency Project with SoftBank and Tether, FT Reports

Brandon Lutnick is collaborating with SoftBank, Tether, and Bitfinex to launch a massive bitcoin buyback project worth billions, according to three sources familiar with the deal.

This initiative, which raised $200 million in January, intends to use the funds to establish a new company called 21 Capital. This company will receive a total of $3 billion from its partners, with Tether providing $1.5 billion, SoftBank contributing $900 million, and Bitfinex adding $600 million.

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