Bitcoin Gets $3 Billion Power Play As Cantor, SoftBank, Tether Unite

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Bitcoinist 1d ago

Bitcoin Gets $3 Billion Power Play As Cantor, SoftBank, Tether Unite - Bitcoinist

Quick Summary:

A consortium led by Brandon Lutnick’s Cantor Equity Partners is preparing one of the most ambitious treasury-style bets on Bitcoin since MicroStrategy first turned its balance sheet into a proxy for the cryptocurrency market.

Lutnick’s proposed vehicle is the first SPAC expressly designed to mimic that template at scale, and it arrives as the Trump administration signals “a more accommodative stance to cryptocurrency trading.

Upon completion, the digital-asset contributions would convert into 21 Capital shares at $10 per share, valuing the transferred Bitcoin at $85,000 per coin.The plan is still fluid.