On April 23, according to a report from Financial Times, Cantor — a financial services company led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick — is collaborating with SoftBank, Tether, and the cryptocurrency exchange platform Bitfinex to establish a Bitcoin investment alliance named 21 Capital, with a scale of over 3 billion USD.
21 Capital is designed to implement a strategy of acquiring large amounts of Bitcoin from other investors and companies, with a total transaction value expected to reach 3 billion USD. In this deal, Tether – the largest stablecoin issuer in the market – commits to contributing 1.5 billion USD in Bitcoin. Meanwhile, SoftBank, the massive investment group based in Japan, will contribute 900 million USD, and Bitfinex – the cryptocurrency exchange closely linked to Tether – will contribute an additional 600 million USD.
The establishment of 21 Capital marks a new step in the large-scale accumulation of digital assets by traditional financial institutions and tech giants. This move also recreates the successful model of software company MicroStrategy (MSTR.O). MicroStrategy previously shifted its focus to cryptocurrency investment, currently holding Bitcoin worth tens of billions of USD, and the company's market capitalization has soared to 91 billion USD.
