Not many expected it, but the alliance between Cantor Fitzgerald, SoftBank, Tether, and Bitfinex finally gave rise to an ambitious project that is said to be shaking up the Bitcoin investment world. It’s called 21 Capital, with an investment target of $3 billion.
Behind this project is Brandon Lutnick—son of US Secretary of Commerce Howard Lutnick—who now leads Cantor Fitzgerald and brings a new vision to the table of financial giants.
Cantor, Tether, SoftBank, and Bitfinex are backing a new firm, 21 Capital, with $3B in#bitcoin.
The deal values BTC at $85,000 and converts shares at $10.
– TFTC (@TFTC21) April 23, 2025
Just imagine if you could buy shares in a company whose main task was only one: buy as much Bitcoin as possible. That’s the essence of 21 Capital. The model is similar to what MicroStrategy once did. The difference is, this time the collaboration involves big names with serious financial power.
Tether contributed $1.5 billion, SoftBank $900 million, and Bitfinex $600 million. There is still an additional $550 million from convertible bonds and private equity. The total? Enough to make people wonder: is this really an investment, or a statement of dominance?
SoftBank Rises, Tether Moves Quietly
Masayoshi Son, CEO of SoftBank, has apparently not given up on Bitcoin. After suffering major losses in 2017, he is now back with a new mission: uniting Bitcoin, AI, and energy. The goal is not just profit, but building synergy between future technologies.
Earlier this year, SoftBank even poured $50 million into Cipher Mining, one of the main players in Bitcoin mining in the US. So if anyone still doubts their seriousness, they might need to think again.
Meanwhile, Tether is not just sitting idly by. CNF previously reported that the stablecoin company has made a strategic investment in Fizen Limited—a startup that develops self-custody crypto wallets and crypto payment services for traditional merchants.
The move is to open financial access to those who are unbanked. In Africa, Tether is also partnering with Quidax for a blockchain education program targeting tens of thousands of individuals and local businesses.
Bitcoin Priced at $85,000 per Coin, Seriously?
One thing that raises eyebrows: the Bitcoin valuation pegged in this project is at $85,000 per coin. All BTC contributions from investors will be converted into 21 Capital shares at a value of $10 per share. This means that the valuation is not just speculation, but a benchmark for the distribution of ownership. A bold move in the midst of a market that is still full of dynamics.
This project is under the banner of Cantor Equity Partners, a SPAC company that has raised $200 million in funds since January 2025. Although it has not been officially announced, rumors say that the announcement will be made in the next few weeks. If all goes according to plan, this could be one of the largest Bitcoin projects ever launched.