Cantor Fitzgerald is backing a new Bitcoin-focused investment vehicle that aims to deploy about $3 billion in Bitcoin through a venture called 21 Capital (also referred to in some materials as Twenty One), alongside major partners Tether, SoftBank Group, and Bitfinex. The structure is built around Cantor Equity Partners I (a SPAC that raised $200 million in January) and a planned business combination that will create a publicly listed, Bitcoin-native company whose core strategy is to accumulate and hold large quantities of Bitcoin, similar in concept to MicroStrategy’s corporate Bitcoin treasury model. The initiative was first reported by the Financial Times and subsequently detailed in industry coverage and Cantor’s own materials. Under the contemplated capital plan, Tether is expected to contribute roughly $1.5 billion in Bitcoin, SoftBank about $900 million, and Bitfinex about $600 million, which together would form the bulk of a $3 billion BTC portfolio. Additional capital is expected to be raised via $350 million in convertible bonds and a $200 million private equity placement to purchase more Bitcoin, while the initial $200 million SPAC proceeds provide seed funding. The Bitcoin contributed by Tether, SoftBank, and Bitfinex is expected to be exchanged for equity in the new company at a reference BTC price of around $85,000 and a share price of $10, according to deal outlines reported in crypto media. Cantor has engaged institutional custodians such as Anchorage Digital and Copper to manage custody and collateral for a broader Bitcoin financing business, and the new vehicle is positioned as part of a wider move by Cantor Fitzgerald into Bitcoin-backed lending and institutional exposure. The venture underscores an ongoing convergence between traditional finance institutions and large crypto-native firms, and if fully executed would represent one of the larger single Bitcoin acquisition efforts in the current market cycle.

AI-generated background, compiled from web sources — not editorial content.

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