What to know:
- Brandon Lutnick, the heir to both capitalism and chaos, is concocting a bitcoin cocktail with SoftBank, Tether, and Bitfinex stirring the pot.
- The aptly named Cantor Equity Partners SPAC pocketed $200 million, ready to birth 21 Capital with a $3 billion bitcoin diaper bag.
In a plot twist even Woland might envy, Brandon Lutnick — son of the esteemed U.S. Commerce Secretary Howard Lutnick and commander of the Cantor Fitzgerald horde — is launching a listed bitcoin investment vehicle. His partners in this merry dance? None other than SoftBank, Tether, and Bitfinex, as first inked by the Financial Times. One might say the devil really enjoys a good spreadsheet.
The vehicle, named with unabashed Wall Street flair as Cantor Equity Partners (because “Something Cryptic LLC” was taken), raised a modest $200 million in January, and will spawn a new entity called 21 Capital. This entity will waltz around with $3 billion worth of bitcoin — a sum so dizzying that even a Moscow night might pale in comparison. The grand scheme cleverly mimics MicroStrategy’s bitcoin soap opera, turning those digital coins into cold, hard equity, priced at a fantasy $85,000 a pop.
Cantor Fitzgerald, guardian of Tether’s U.S. Treasuries—the financial equivalent of water under the bridge—has shaped itself into a firm believer. Howard Lutnick, once a staunch defender claiming stablecoins could back every dollar like a proud parent, has slightly softened his tune after a Senate chat, proving even the sharpest tongues do a volte-face in D.C.
The capital infusion reads like a rogue’s gallery of crypto heavyweights: Tether tosses in $1.5 billion, Bitfinex chips in $600 million, and SoftBank waves a $900 million check. The plan? Hunt down another $550 million through bonds and private equity because why stop at a comfortable fortune when you can chase a crypto fever dream?
This SPAC emerges amid a fresh wave of crypto optimism, blessed by the ghost of the Trump administration and a bitcoin neck-and-neck at $92,000, tangoing with the winds of regulation. The grand unveiling is slated for the coming weeks, though—true to Moscow magic—the final act could still rewrite itself.
Read More
- ZEREBRO PREDICTION. ZEREBRO cryptocurrency
- AXS PREDICTION. AXS cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- USD INR PREDICTION
- BANANAS31 PREDICTION. BANANAS31 cryptocurrency
- Crypto Markets May Get Wild This Week – Here’s What Could Happen
- SCR PREDICTION. SCR cryptocurrency
- SUNDOG PREDICTION. SUNDOG cryptocurrency
- DOT PREDICTION. DOT cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
2025-04-23 09:06