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Cantor, Tether, and SoftBank are aiming to jointly deploy $3B into 
Bitcoin through share-converted holdings in 21 Capital, betting big on BTC’s future, Financial Times reports.
What’s the Scoop?
- Major Collaboration: Cantor Fitzgerald, Tether, and SoftBank reportedly plan to invest $3 billion into a Bitcoin-focused project, spearheaded by Lutnick's Cantor.
- Conversion to Shares: The deal involves Bitcoin holdings being converted into shares of 21 Capital at $10 per share, implying a Bitcoin valuation of $85,000.
- Industry Impact: The collaboration marks one of the largest partnerships between traditional finance, crypto stablecoin issuers, and institutional investors.
