The distance between cryptocurrency and traditional financial world is now decreasing further. According to a report by Monetary Instanss, Brandon Lutnick, Chairman of Cantor Fitzgerald, has started a new and ambitious project 21 Capital with Tether, Softbank and Bitfinex. The aim of this new company is to make heavy investment in Bitcoin and list it in public, so that it can strategically estimate itself in the Cryptocurrency Market. If you The world’s largest cryptocurrency If you want to know in detail about Bitcoin, then click on the given link.
$ 3 billion Bitcoin Acquisition Challenge
21 Capital is being launched as a $ 3 billion price company, with Various sources funding. Cantor Fairness Companions have already invested $ 200 million. In addition, Tether is becoming partner with $ 1.5 billion, softbank $ 900 million and Bitfinex $ 600 million share.
Shares will be found in exchange for bitcoin
Under this agreement, the bitcoin investment amount of Tether, Softbank and Bitfinex will be converted into shares in 21 capital. Investment time Bitcoin Value The $ 85,000 per coin is fixed and each stock will cost $ 10. This means that these companies will now also become partners of 21 capital.
Future Plans: Funding and Exation
The 21 Capital plan is to raise an additional $ 550 million. This includes $ 350 million convertible bonds and $ 200 million through private equity. This capital will be used to buy and buy bitcoin and strengthen the company’s position.
Cantor Fitzgerald’s deepest interest in crypto
This is not the first time Cantor Fitzgerald has stepped into the crypto. The company is operating Tether’s treasury from 2021 and also has a 5% stake in Tether. Also, it has started a $ 2 billion Bitcoin Financing Charity from which institutions can get the next funding of digital assets.
Try to adopt strategy like Michael Saylor
This venture largely resembles the strategy of microstrategy, where Michael Saylor made Bitcoin an important part of his balance sheet. The purpose of 21 Capital is also to take advantage of the new US Management (Beneath Donald Trump).
Conclusion
21 Capital’s initiative shows that now Cryptocurrency And traditional financial institutions are getting closer to each other. Adopting Bitcoin as an investment asset, converting it into stocks and lizzling in public, all these steps can prove to be important towards bringing Crypto into mainstream. In the coming time, this partnership can bring a major change not only for Bitcoin, but for the entire crypto industry.
Also read:Easiest Crypto Presale, which will give a chance to make a big benefit
