Cantor, SoftBank, Tether Launch $3B Bitcoin Fund

Cantor Fitzgerald, Tether, and SoftBank have formed a $3 billion Bitcoin fund, Twenty One Capital, announced April 23, 2025. This collaboration positions the new entity as the third-largest Bitcoin holder globally, aiming to boost institutional Bitcoin investment.

This move signifies a continuation of the institutional shift towards Bitcoin, potentially spurring increased interest in corporate Bitcoin treasuries and impacting long-term market dynamics.

The new entity, spearheaded by Brandon Lutnick and Jack Mallers, is designed to support the consolidation of Bitcoin treasuries. Tether provides $1.5 billion in BTC, while SoftBank and Bitfinex contribute $900 million and $600 million respectively.

“Twenty One Capital, Inc. (‘Twenty One’), a newly formed entity, today announced it has entered into a definitive agreement for a business combination with Cantor Equity Partners, Inc. … At the closing of the Business Combination, Twenty One will be majority-owned by Tether, co-founder of Twenty One and the world’s largest stablecoin issuer, and Bitfinex, with significant minority ownership by SoftBank Group Corp.” BusinessWire

This venture marks a bold institutional step, potentially influencing Bitcoin’s corporate landscape significantly. The collaboration hints at political and regulatory adaptability, fostering institutional Bitcoin growth. Bilateral involvement of cryptocurrency heavyweights indicates growing mainstream acceptance of digital assets.

Potential implications include increased institutional investment and influencing market dynamics. The initiative could affect related digital assets, illustrating broader acceptance of crypto in corporate finance. Initial reactions show market optimism, as evidenced by historical BTC price changes.