Can You Believe These Titans are Pooling $3B to Buy Bitcoin? The Drama Unfolds!
Well, well, well! Looks like Cantor Fitzgerald, Softbank, and Tether are getting cozy and cooking up a grand plan to snatch up $3 billion worth of Bitcoin. They’re trying to ride the crypto rollercoaster while it’s having a wild surge under President Trump’s magic touch. 🤯
Trio’s Plan to Dominate the Bitcoin Universe – Watch Out, World!
Leading the charge is none other than Brandon Lutnick—who just so happens to be the son of U.S. Commerce Secretary Howard Lutnick—because, of course, a little bit of family power never hurts! 😏 The trio’s plan? To go all-in like Strategy (formerly known as Microstrategy) and accumulate a mountain of Bitcoin (BTC)—because why not? 😎
The intrepid reporters, Antoine Gara and Oliver Barnes, spill the beans that Cantor Equity Partners, the special-purpose acquisition company behind all this madness, plans to pool a cool $3 billion to snatch up Bitcoin from the likes of Tether ($1.5 billion), Softbank ($900 million), and Bitfinex ($600 million). So, you know, no big deal. 🙄
What will they do with all that digital dough? Well, it’s going to fund a shiny new firm called 21 Capital, which plans to launch at $10 a share, which—hold on—implies Bitcoin will be valued around $85,000 each. Yes, you read that right. FT also reports that this SPAC has already raised $200 million and will issue a $350 million convertible bond. Wait for it—another $200 million private placement to grab even more BTC. So, a lot of money flying around here. 💸
In a *bold* move, those involved will exchange their Bitcoin for 21 Capital equity. Because who doesn’t like a good long-term bet on Bitcoin, right? And it’s all looking pretty good, with Bitcoin soaring to nearly $94,000 just last Tuesday. In fact, Bitcoin is taking a sharp detour away from the boring world of equities this week. Wild stuff! 🚀 Sources close to the deal have whispered to Gara and Barnes that, although the deal should be wrapped up soon, it’s still hanging by a thread. Drama alert! ⚡️
And to add some extra mystery, Cantor refused to comment, while Softbank and Tether decided to keep their lips sealed too. As for Tether, the folks behind the world’s biggest dollar-pegged token, USDT, they’ve been busy stacking up Bitcoin, now controlling a whopping 92,646 BTC after adding a juicy 8,888 in Q1. Impressive, right? 😏
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2025-04-23 07:58