A new cryptocurrency investment push is underway, with Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, partnering with crypto powerhouses Tether USDT/USD, Bitfinex and Japanese investment giant SoftBank to launch a multibillion-dollar Bitc

Quoting sources familiar with the initiative, the Financial Times reported on Tuesday that the group aims to create a massive Bitcoin acquisition vehicle modeled after the playbook of Strategy MSTR

A new cryptocurrency investment push is underway, with Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, partnering with crypto powerhouses Tether (CRYPTO: USDT), Bitfinex and Japanese investment giant SoftBank Group Corp (OTC:SFTBY) to launch a multi-billion dollar Bitcoin (CRYPTO: BTC)-focused venture, reports the Financial Times.

What Happened: Citing sources familiar with the initiative, the publication reported on Tuesday that the group aims to create a massive Bitcoin acquisition vehicle modeled after the playbook of MicroStrategy Incorporated (NASDAQ:MSTR), the tech firm-turned-Bitcoin heavyweight.

Strategy's treasury strategy, where it turned its corporate reserves into a Bitcoin investment, has garnered widespread attention. The firm's Bitcoin position is now valued at tens of billions of dollars, and its public valuation has reached over $90 billion.

Lutnick's new venture, named 21 Capital, is being formed through Cantor Equity Partners, a special purpose acquisition company (SPAC) that raised $200 million earlier this year.

The plan is for 21 Capital to receive $3 billion in Bitcoin from its partners: Tether is expected to contribute $1.5 billion, SoftBank $900 million and Bitfinex $600 million.

To further increase its holdings, the group will raise an additional $550 million, with $350 million coming through a convertible bond and another $200 million through a private equity placement.

All contributors are slated to receive shares in 21 Capital at a fixed price of $10 per share, and Bitcoin is being valued at $85,000 per coin for this transaction.

While the deal has yet to be finalized and details remain subject to change, sources say an official announcement may arrive in the coming weeks.

Why It Matters: The move signals renewed institutional confidence in Bitcoin, coinciding with a more crypto-friendly posture from the Trump administration.

The administration's focus on reducing the federal deficit and promoting economic growth aligns well with the efficient and productive nature of cryptocurrencies, according to a recent analysis by the Bipartisan Policy Center.

Moreover, President Donald Trump's stance on reducing the role of government in the private sector bodes well for the cryptocurrency industry, which thrives on decentralized and community-driven models.

This shift in attitude is evident in the decreased regulatory pressure on digital assets, opening up opportunities for large players to re-enter or expand in the sector.

Cantor Fitzgerald, chaired by Brandon Lutnick after his father assumed a government role, has already been active in crypto-aligned ventures. The firm advised Tether on its investment in video platform Rumble and also participated in a SPAC-driven acquisition of a majority stake in a British gambling firm.

The report comes as Bitcoin prices hit new highs of $106,000 following Trump's election victory, although the asset has since pulled back to around $94,000.

MicroStrategy shares have also dipped about 20% from their post-election highs, closing Tuesday's session at $247.98.

The planned venture is just the beginning of a broader SPAC strategy by Cantor Fitzgerald. In addition to Cantor Equity Partners, two more Lutnick-led SPACs are reportedly searching for crypto-aligned deals. The firm has also played a supporting role in several other SPAC launches led by external sponsors.

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