# Trump Official's Son Planning $3B BTC Venture with Tether and SoftBank

*Author: Bankless*
*Published: Apr 23, 2025*
*Source: https://www.bankless.com/read/trump-officials-son-planning-3b-btc-venture-with-tether-and-softbank*

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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](https://www.ft.com/content/501210ad-d39b-4d7b-b649-bbd08ceffe6f) 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.
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