Cantor Fitzgerald, Tether & Softbank to Create Bitcoin Investment Firm AllinCrypto April 24, 2025
Cantor Fitzgerald, an investment banking company, is set to launch a $3 billion crypto and Bitcoin investment initiative with other collaborators.
Tether, Bitfinex, and Softbank will join Cantor Fitzgerald in launching 21 Capital, a new investment firm centered on Bitcoin and digital assets, according to the Financial Times.
Brandon Lutnick, chair and CEO of Cantor Fitzgerald and the son of United States Secretary of Commerce, Howard Lutnick, will lead the venture into crypto with funds from Cantor Equity Partners to establish 21 Capital.
21 Capital Bitcoin investment firm to combine Cantor Fitzgerald and others
Reports suggest Tether is ready to pledge $1.5 billion in Bitcoin to the 21 Capital initiative, followed by Softbank with $900 million and crypto exchange Bitfinex with $600 million.
21 Capital, inspired by Michael Saylor’s Bitcoin bets with MicroStrategy, will acquire BTC and use their holdings to create shares in the company, with plans to initially value shares at $10.
Convertible bonds may be used to raise an additional $350 million alongside $200 million in private equity for future purchases of Bitcoin. According to FT, a statement from the group is due in the coming weeks.
Cantor Fitzgerald’s initiative is also similar to Metaplanet, a Japan-based investment firm focused on maximizing returns by investing solely in Bitcoin.
Metaplanet’s CEO, Simon Gerovich, was directly inspired by Michael Saylor to turn Metaplanet into a BTC investment firm with a goal to hold 10,000 BTC before the end of 2025.
Outside of investing in Bitcoin, Metaplanet plans to launch a Bitcoin hub by rebranding a Tokyo hotel. In the long term, Metaplanet aims to educate and make crypto adoption a feasible economic endeavor in Japan.
MicroStrategy first began acquiring Bitcoin in August 2020, purchasing 21,454 Bitcoins for around $250 million at the time.
As of April 2025, MicroStrategy, now rebranded to Strategy, owns 538,200 Bitcoins, around 2.24% of Bitcoin’s total supply.
MicroStrategy helped pave way for institutional BTC investments
With Softbank, Bitfinex, Tether, and Cantor Fitzgerald joining in Strategy’s footsteps, it’s not hard to imagine that we may see more companies in the near future following in Saylor’s footsteps.
President Trump’s pro-crypto administration will soon make it easier for institutions to adopt crypto, including stablecoins, and offer crypto services such as custody services and more to customers.
Banking groups will be given regulatory clarity on crypto with the STABLE Act and GENIUS Act, with stablecoins leading the adoption curve thanks to their use cases as digital dollars.
Circle, issuers of the USDC stablecoin, recently announced the Circle Payments Network, supported by top banks including Santander and Deutsche Bank. The network will allow banks to make fast, cheap cross-border payments using stablecoins.
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