Cantor Fitzgerald, a Wall Street firm, is launching 21 Capital with SoftBank, Tether, and Bitfinex, aiming to acquire $3 billion in Bitcoin to rival MicroStrategy’s 538,200 BTC treasury strategy, which has boosted its market cap to $91 billion by April 2025.
The venture values Bitcoin at $85,000 per coin, with Tether contributing $1.5 billion, SoftBank $900 million, and Bitfinex $600 million, reflecting growing institutional adoption amid a favorable U.S. regulatory shift under the Trump administration.
MicroStrategy’s Bitcoin strategy, led by Michael Saylor since 2020, has yielded a 2,400% stock return, positioning it as a benchmark for corporate crypto investment, though 21 Capital’s $3 billion fund is seen as modest by some, given Bitcoin’s $106,000 peak.
