Cantor Fitzgerald Partners with SoftBank and Tether to Launch $3B Bitcoin Fund

Cantor Fitzgerald is collaborating with SoftBank, Tether, and Bitfinex to establish a Bitcoin acquisition vehicle named 21 Capital. The venture aims to raise $3 billion in Bitcoin, contributing $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex.

Key points of the deal include:

Investments converted into shares at a face value of $10 each.
The project is inspired by MicroStrategy's successful Bitcoin investment strategy.
No official announcement has been made; terms may change or deal may not finalize.

In related news, Bitcoin recently reached a new 7-week high, surpassing $93,000 with a 6.8% increase on April 22. Institutional interest is rising, evidenced by over $381 million inflow into US spot Bitcoin ETFs.

Analysts note the potential for Bitcoin to rival gold's value amidst ongoing market momentum.

Additionally, three altcoins are highlighted as potential investments during this bullish phase:

BTC Bull Token ($BTCBULL) aims to benefit from Bitcoin price milestones through airdrops and a deflationary model.
Solaxy ($SOLX) is developing a Layer-2 solution for Solana to enhance scalability and efficiency.
OFFICIAL TRUMP ($TRUMP) has shown significant price movement following Trump's pro-crypto stance.

Investors are advised to conduct thorough research before making any investment decisions, especially given the volatility of altcoins compared to Bitcoin.