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Cantor Fitzgerald’s president is reportedly preparing to form a new consortium with SoftBank, Tether, and Bitfinex, aiming to capitalize on the burgeoning cryptocurrency sector during the Trump administration. This initiative is expected to enable the company and its collaborating firms to play a significant role in the acquisition of major crypto assets like Bitcoin 
$109,992.
The Cryptocurrency Consortium
This merger involves prominent financial entities, including SoftBank, Tether, and Bitfinex. It has been suggested that Brandon Lutnick, the son of U.S. Commerce Secretary Howard Lutnick, will also participate in this project, although final decisions regarding its details and implementation have yet to be made.
The foundation of the soon-to-be-formed 21 Capital company was established following Cantor Equity Partners’ successful fundraising of $200 million in January. This vehicle will include a $3 billion contribution in Bitcoin, with Tether providing $1.5 billion, SoftBank contributing $900 million, and Bitfinex offering $600 million in crypto assets. It is noted that the invested Bitcoins will be valued at $10 per share, with a transaction value set at approximately $85,000 per Bitcoin.
Future Plans
The new consortium also aims to secure additional Bitcoins through a $350 million convertible bond and a $200 million private equity placement. This financial instrument will be inspired by MicroStrategy’s crypto asset strategy, with the goal of developing a successful model.
Sources indicate that the anticipated agreement is expected to be announced in the coming weeks, although the figures and conditions may change before reaching final clarity. Industry representatives involved in the project suggest that the process may lead to more crypto asset-focused strategies in the future.
This development, closely monitored in financial circles, is expected to provide significant insights into the future of cryptocurrency markets, with a prediction that investment models may diversify through similar strategies.
The proposed initiative could allow for alternative models in digital asset investment strategies, presenting new avenues for financing for various stakeholders.
