Jakarta, Pintu News – The crypto market is back in the spotlight with a major move by Cantor Fitzgerald alongside industry partners such as SoftBank, Tether , and Bitfinex.
They are preparing to launch a $3 billion Bitcoin (BTC) investment vehicle, which promises to have a significant impact on market dynamics.
Cantor Fitzgerald, a company known for its financial innovation, is now partnering with SoftBank, Tether (USDT), and Bitfinex in a major venture. They plan to establish a new firm called 21 Capital, which will be the center of this massive Bitcoin transaction.
Read also: Bitcoin Soars to $93,000 — Michael Saylor Predicts Insane $10 Million Price Target!
With its strong capital backing, 21 Capital is expected to become a key player in the global crypto market. This partnership not only marks Cantor’s expansion in digital assets, but also shows the high confidence of investors in the potential of Bitcoin (BTC).
The move comes amid volatile market conditions, but is full of significant growth opportunities.
Following in the footsteps of MicroStrategy, now known as Strategy, Cantor Fitzgerald has ambitions to collect large amounts of Bitcoin (BTC).
With seed capital raised through its newly formed SPAC, Cantor Equity Partners, the firm plans to raise additional funds through a $350 million convertible bond and a $200 million private equity placement.
The purpose of this fundraising is to expand Bitcoin (BTC) holdings that will be integrated into 21 Capital shares. With this strategy, Cantor hopes to capitalize on market momentum and significantly increase the value of their investment.
This announcement has received a positive reaction from the market, with the price of Bitcoin (BTC) reaching a two-week peak of $93,000. However, there are concerns that this price increase may not be sustainable and could fall back to the $80,000 range.
Read also: AI and Web3 Revolution: Aethir Introduces “AI Unbundled” Alliance
Nonetheless, this move is seen as a strong indication of the market’s optimism towards the future of Bitcoin (BTC). Moreover, this decision is also in line with the pro-crypto policy adopted by the Trump administration, which has ordered the establishment of the Strategic Bitcoin Reserve.
The move is expected to bring more regulatory clarity and encourage innovation in the crypto industry.
Overall, with this major move, Cantor Fitzgerald and its partners are setting a new standard in crypto asset investment.
This $3 billion Bitcoin (BTC) investment vehicle not only shows the market’s confidence in the long-term value of Bitcoin (BTC), but also the growth potential that is still to be explored.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference: