A Huge $3 Billion Bitcoin (BTC) Move Came From Cantor Fitzgerald, the Company of the US Secretary of Commerce!

While Bitcoin has been reviving the market with its rapid recovery in recent days, good news also came from the USA. Cantor Fitzgerald, currently headed by the son of US Commerce Secretary Howard Lutnick, plans to set up a $3 billion Bitcoin investment venture alongside SoftBank, Tether and Bitfinex, the Financial Times reported. At this point, Cantor Fitzgerald has partnered with SoftBank, Tether, and Bitfinex on the Bitcoin initiative. Cantor Chairman Brandon Lutnick has moved to launch a new public company, 21 Capital, inspired by his Bitcoin investment firm Strategy. 21 Capital aims to create a “public alternative” similar to Strategy’s Bitcoin investment approach, led by Michael Saylor, the company said. Cantor plans to purchase $3 billion worth of BTC for 21 Capital as part of a partnership between Softbank, Tether, and Bitfinex. While the BTC investment initiative received an investment of $200 million in January, it was stated that this money will be used to establish a new firm called 21 Capital, which will buy $3 billion worth of Bitcoin. While it was stated that Tether will contribute $1.5 billion in Bitcoin, it was stated that SoftBank and Bitfinex will contribute $900 million and $600 million respectively. The report also stated that Cantor`s Bitcoin investment vehicle will raise $350 million in convertible bonds and $200 million in private equity investments for additional Bitcoin purchases. The FT added that the deal is scheduled to be formally announced in the coming weeks, but could be revised or cancelled. Billionaire Howard Lutnick, who served as Cantor`s CEO for 40 years, resigned last month to become President Donald Trump`s Commerce Secretary, while his sons Brandon and Kyle Lutnick took over the Cantor board. *This is not investment advice. Continue Reading: A Huge $3 Billion Bitcoin (BTC) Move Came From Cantor Fitzgerald, the Company of the US Secretary of Commerce!

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