Asia Colour - 23 Apr 25
1/ A $3B Bitcoin fund has taken the spotlight. Backed by Cantor, SoftBank, Tether, and Bitfinex, 21 Capital—led by Brandon Lutnick—is shaping up to be the boldest institutional $BTC vehicle yet.
2/ Beyond the headline figure, 21 Capital plans to raise another $550M via bonds and private equity. Its goal? Accumulate Bitcoin at scale. But here's the twist: $BTC holdings will be converted into equity, with shares priced at $10—implying an $85K valuation per coin.
3/ This isn't just MicroStrategy 2.0. It's a prototype for institutionalizing crypto exposure—transforming balance sheet $BTC into public equity. The move comes as U.S. policy pivots in favor of digital gold, giving markets a fresh political tailwind.
4/ Bitcoin has surged to $93.5K, breaking past key resistance, while gold has fallen 6%. Institutions are no longer experimenting—they’re committing capital. 21 Capital is poised to become the new standard for crypto conviction in public markets.
5/ While macro risks linger, a major tail risk has eased: Trump has signaled no intent to replace Fed Chair Powell. Markets are steady, but not complacent. The rotation into digital assets is real—and the next inflection point may not be far off.
Read more: www.qcpgroup.com/insights/asia...
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share



