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Cantor, Tether & SoftBank Launch $3.6B Bitcoin Venture

Cantor Fitzgerald is joining forces with Tether and SoftBank to launch Twenty One Capital, a $3.6 billion crypto venture aimed at acquiring bitcoin. Backed by over 42,000 bitcoins, the new firm will go public via a SPAC merger with Cantor Equity Partners, making it the world’s third-largest bitcoin holder. Tether will contribute $1.6B in BTC, SoftBank $900M, and Bitfinex $600M. The venture aims to build a market “by Bitcoiners, for Bitcoiners,” echoing Michael Saylor’s Strategy model. Tether and Bitfinex will hold a majority stake; SoftBank, a minority one.

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