Cantor Fitzgerald Partners With SoftBank, Tether, Bitfinex For $3 Billion Bitcoin Venture

Cantor Fitzgerald, a prominent global financial services firm, has announced a partnership with SoftBank, Tether, and Bitfinex to establish a Bitcoin acquisition vehicle named 21 Capital. The venture aims to raise $3 billion worth of Bitcoin from its partners, with contributions of $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex. This initiative mirrors MicroStrategy’s investment strategy, which saw a significant surge in market capitalization after shifting its focus to Bitcoin.

The partners in the 21 Capital venture are scheduled to convert their Bitcoin investments into shares of the company, with each share having a face value of $10. The deal is still in its early stages and has not yet been officially announced, leaving room for potential changes or cancellations. This is not Cantor Fitzgerald’s first foray into the crypto space; in November 2024, the firm explored a Bitcoin lending program with Tether, allowing individuals to borrow money using Bitcoin as collateral. The firm has been led by Brandon and Kyle Lutnick, sons of former CEO Howard Lutnick, who stepped down to join the Commerce Department.

The shift towards a more pro-crypto mindset is attributed to the ‘crypto president,’ who has pledged to make cryptocurrency mainstream in the United States through favorable regulations. Bitcoin recently hit a new seven-week high, breaching the $93,000 level after a 6.8% rise on April 22. The cryptocurrency experienced a significant jump of 1.56% within a single minute, from $91,969 to $93,405. Analysts have noted the unprecedented volatility, with one analyst describing it as the "craziest one-minute candle" ever seen on the Bitcoin chart. This surge comes amid a broader institutional momentum and positive regulatory environment, setting the stage for another potential bull run.

As Bitcoin’s rally gains traction, several altcoins are poised to benefit from the increased interest and investment. BTC Bull Token ($BTCBULL) is highlighted as a meme coin that could mimic or even surpass Bitcoin’s growth trajectory. The token is unique in that it airdrops free Bitcoin to its holders every time Bitcoin reaches new milestones, such as $150,000, $200,000, and $250,000. This deflationary approach, combined with the rising price of Bitcoin, is expected to drive up the demand and price of $BTCBULL. Analysts predict that $BTCBULL could see a nearly 400% increase, reaching $0.0096 by 2026. The token is currently priced at $0.002475 during its presale phase, which has already raised nearly $5 million.

Solaxy ($SOLX) is another altcoin that could benefit from a Bitcoin rally, particularly as it aims to address Solana’s network congestion and scalability issues. Solaxy plans to build the first-ever Layer-2 scaling protocol on the Solana network, offloading some transactions to a sidechain to reduce the burden on the mainnet. Compatible with both Ethereum and Solana, $SOLX leverages Ethereum’s liquidity and Solana’s speed to drive innovation. With over $31 million in presale funding, $SOLX is predicted to gain over 12,000% and reach $0.20 by 2030. The presale is ongoing, with each token priced at $0.001702.

OFFICIAL TRUMP ($TRUMP) is another altcoin that could see significant gains due to the pro-crypto stance of the newly appointed US president, Donald Trump. The token, which launched in January, experienced a meteoric rise of over 12,000% overnight and became the fourth-largest meme coin by market capitalization. With a current price of $9.40 and recent price action suggesting a potential long rally, $TRUMP is positioned to benefit from increased interest in cryptocurrency. However, investors are advised to conduct their own research and only invest amounts they are comfortable losing, as altcoins are highly volatile and can result in significant losses.