Cantor Fitzgerald Launches $3 Billion Bitcoin Venture 21 Capital
1min read Cantor Fitzgerald, a prominent investment firm on Wall Street, is preparing to enter the cryptocurrency market with a significant $3 billion Bitcoin-focused venture. This new initiative, named 21 Capital, is led by Brandon Lutnick, the newly appointed chairman of Cantor Fitzgerald and son of U.S. Commerce Secretary Howard Lutnick. The venture aims to replicate the Bitcoin strategy employed by Strategy, a Bitcoin development firm formerly known as microstrategy.
21 Capital will be backed by a consortium of notable investors, including Tether, SoftBank, and Bitfinex. These investors are expected to contribute their stakes entirely in Bitcoin, reflecting their long-term belief in Bitcoin as a strategic treasury asset. Tether, the issuer of the world’s largest stablecoin, will contribute $1.5 billion worth of Bitcoin. Japanese investment giant SoftBank will inject $900 million, and crypto exchange Bitfinex will add $600 million, totaling $3 billion in BTC. These assets will be converted into shares of 21 Capital at a rate of $85,000 per Bitcoin and $10 per share.
Cantor Equity Partners, the investment arm overseeing the new initiative, previously raised $200 million in January to establish the foundation for 21 Capital. Additional funding is being sought through a $350 million convertible bond issuance and a $200 million private equity placement. The goal is to use this capital to accumulate more Bitcoin in anticipation of rising institutional demand.
The strategic direction of 21 Capital mirrors that of Michael Saylor’s Strategy, which gained attention in 2020 by adopting Bitcoin as its primary reserve asset. As of April 23, Strategy held approximately 531,644 bitcoins, valued at just over $44 billion at current market prices. With 21 Capital planning to follow a similar approach, the firm could become one of the largest corporate holders of Bitcoin in the world, setting a new precedent for institutional adoption.
Although the final terms of the venture are still being negotiated and subject to change, insiders suggest that an official announcement could be made within weeks. This move comes at a time when political support for cryptocurrency in Washington is growing. President Donald Trump has publicly endorsed Bitcoin adoption as a means to modernize the U.S. financial system and reinforce the dominance of the U.S. dollar globally.
