- Cantor Fitzgerald and partners initiate $3 billion Bitcoin platform.
- Platform set for multi-billion dollar Bitcoin acquisition.
- Tether, SoftBank, Bitfinex provide substantial Bitcoin contributions.
Cantor Fitzgerald, led by Brandon Lutnick, is spearheading an effort to develop a $3 billion Bitcoin acquisition platform in collaboration with SoftBank, Tether, and Bitfinex. The platform aims to heighten Bitcoin accessibility for investors through pooled resources.
The initiative marks a significant move in the institutional adoption of cryptocurrencies which could foster increased interest and confidence in digital assets.
$3 Billion Bitcoin Platform Launched by Finance Giants
Cantor Fitzgerald, along with SoftBank, Tether, and Bitfinex, is building a new Bitcoin acquisition platform. The venture, called 21 Capital, is designed to accumulate $3 billion in Bitcoin and promote its institutional use. In January, $200 million was raised, further cementing this bold initiative.
With significant Bitcoin contributions from major players like Tether ($1.5 billion), SoftBank ($900 million), and Bitfinex ($600 million), 21 Capital seeks to revolutionize institutional involvement in the cryptocurrency space. This could accelerate adoption and spur ongoing interest from other enterprise-level investors.
Market reactions to Cantor Fitzgerald’s platform have been mixed. While institutional proponents see potential in the unified venture, others await official confirmations. Although Michael Cunningham and Amar Kuchinad have commented on related initiatives, no detailed statements about 21 Capital have been released by SoftBank or Bitfinex executives.
“We are thrilled to partner with Anchorage Digital and Copper, whose industry-leading security solutions will help us deliver best-in-class digital asset custody services to our clients. We are launching with $2 billion in initial financing and expect to substantially grow the operation over time.” — Michael Cunningham, Head of Bitcoin Financing, Cantor Fitzgerald.
Bitcoin Surges to $93,625 Amid Institutional Interest
Did you know? The combination of traditional finance entities and crypto specialists in this initiative reflects a growing trend of institutional reliance on digital assets, reminiscent of BlackRock and Fidelity launching crypto funds, which historically led to Bitcoin appreciation.
According to CoinMarketCap, the current value of Bitcoin is at $93,625.83, marking a significant 7.31% increase over 24 hours. Bitcoin’s market cap stands at $1.86 trillion, with a trading volume showing a substantial 35.22% increase in activity as of April 22, 2025.
Coincu experts note that while traditional finance is embracing digital assets, there remains a heightened scrutiny from regulatory authorities. This initiative, with its considerable scope and backing, may face regulatory challenges reminiscent of past major finance-crypto collaborations.
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