PANews reported on April 23 that according to FT, three people familiar with the matter revealed that Cantor Fitzgerald, led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to build a multi-billion dollar Bitcoin acquisition platform. The platform raised $200 million in January and will use the funds to create a new company called 21 Capital, which will obtain $3 billion worth of Bitcoin from other investors and companies. Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million, respectively.
Cantor to form $3 billion crypto venture with SoftBank and Tether to invest in Bitcoin
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