Brandon Lutnick, son of the United States Secretary of Commerce, Howard Lutnick, and president of Cantor Fitzgerald, is launching a Bitcoin investment vehicle that listed with SoftBank, Tether and Bitfinex, the Financial Times reported for the first time.
The Special Purpose Acquisition Company (SPAC), called Cantor Equity Partners, raised $ 200 million in January and will help form a new company, 21 capital, sown with $ 3 billion in Bitcoin (BTC) of crypto heavy weights. The Agreement reflects Microstrategy’s Proxy Bitcoin model and would make the BTC capital with an assessment of $ 85,000 per currency.
Cantor Fitzgerald is one of Tether’s custodians, who has most of his United States treasure bonds. Howard Lutnick, however, has softened his position on Tether’s liquidity while testifying before the Senate after saying initially that the Stablecoin sender could represent every dollar.
Tether and Bitfinex are contributing $ 1.5 billion and $ 600 million, respectively, while SoftBank is adding $ 900 million. The company plans to raise another $ 550 million through bonds and private capital to buy more BTC.
The SPAC is produced in the middle of a renewed cryptographic optimism under the Trump administration, with Bitcoin floating about $ 92,000 and the regulatory tail winds changing. The agreement is expected to be announced in the coming weeks, but it could still change, according to the FT.
