Brandon Lutnick, the son of US Commerce Secretary Howard Lutnick, is taking the lead on a groundbreaking cryptocurrency initiative along with prominent companies SoftBank, Tether, and Bitfinex. This partnership is set to create a $3 billion Bitcoin acquisition vehicle, capitalizing on the resurgence of crypto popularity associated with the Trump administration’s favorable regulatory posture.

The objective of this consortium is to craft a special purpose acquisition company (SPAC) focused on aggregating significant Bitcoin holdings from its partners.

Turning Bitcoin Accumulation Into Market Success

Lutnick’s strategy draws inspiration from MicroStrategy’s earlier achievements, which saw the company transform from a software provider into a consumer of vast Bitcoin reserves. Currently, MicroStrategy’s Bitcoin assets are valued at tens of billions, buoyed by their proactive crypto strategy.

Recently, Cantor Equity Partners, Lutnick’s venture, successfully raised $200 million to begin establishing a new firm named 21 Capital. This entity will work toward securing $3 billion in Bitcoin contributions from partners: $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex.

Both Tether and Bitfinex have previously faced scrutiny from regulatory bodies but are now positioned to leverage this new, crypto-friendly environment.

Quote from a social media post:
There’s a new @saylor in town.
Takeaways from this announcement include:
Brandon Lutnick, alongside Softbank, Tether, and Bitfinex, is forming a multi-billion dollar SPAC for Bitcoin acquisitions.

To diversify their investment strategy, Cantor Equity Partners is also planning to launch a $350 million convertible bond and seek an additional $200 million through private equity placement.

In effect, the goal is to transition these Bitcoin assets into shares of 21 Capital, establishing a price point of $85,000 per Bitcoin while shares are set at $10 each. Despite plans to officially unveil the deal soon, insiders have warned that factors may shift and the agreement could change course.

Tether And Bitfinex Set To Leverage Trump’s Crypto-Friendly Regulatory Shift

These moves signal a pivotal moment as the Trump administration promises a more favorable regulatory landscape for cryptocurrency assets, allowing Tether and Bitfinex to potentially capitalize on the changes in sentiment surrounding Bitcoin.