Crypto Titans Back $3B Bitcoin Investment Vehicle Led by Lutnick Heir Amid Renewed Institutional Momentum
Brandon Lutnick, the son of U.S. Commerce Secretary and Cantor Fitzgerald Chairman Howard Lutnick, is spearheading a high-profile bitcoin investment initiative with backing from SoftBank, Tether, and Bitfinex, according to a report from the Financial Times.
The new special purpose acquisition company (SPAC), called Cantor Equity Partners, quietly raised $200 million earlier this year. Its goal is to launch 21 Capital, a firm seeded with $3 billion worth of bitcoin (BTC) provided by the participating crypto giants. The strategy echoes MicroStrategy’s approach to offering equity exposure to bitcoin, valuing the holdings at an $85,000 per BTC conversion rate.
Cantor Fitzgerald, which manages the bulk of Tether’s U.S. Treasury holdings, plays a central role in the initiative. While Howard Lutnick previously emphasized Tether’s ability to back each token with dollars, his recent Senate testimony has shown a more measured tone on the stablecoin’s liquidity position.
Tether will contribute $1.5 billion in BTC, Bitfinex is putting in $600 million, and SoftBank is allocating $900 million. In addition, the group plans to raise another $550 million via debt and private equity to expand their bitcoin holdings further.
This move comes as investor confidence returns under the Trump administration, with BTC trading close to $92,000 and a favorable regulatory environment taking shape. While the final structure of the SPAC is still being finalized, the formal announcement is expected soon.
