Cantor Fitzgerald, Tether, and SoftBank have launched a joint crypto venture valued at $3.6 billion, aiming to acquire over 42,000 bitcoins. This development signifies a growing trend in corporate bitcoin treasuries, also driven by supportive regulatory changes and the integration of traditional finance into the cryptocurrency sector. This move illustrates institutional confidence in digital assets, transforming corporate treasury strategies amidst the evolving financial landscape.
Cantor Fitzgerald, in partnership with Tether and SoftBank Group, has launched a new cryptocurrency-focused venture. Announced on April 23, 2025, this initiative merges Cantor Equity Partners with the newly formed Twenty One Capital, with an estimated valuation of $3.6 billion, premised on a bitcoin price of around $85,000. The venture aims to hold over 42,000 bitcoins, positioning it as the third-largest corporate bitcoin treasury globally, as reported by Twenty One Capital.
The establishment of the Twenty One Capital venture signifies a growing trend of corporate bitcoin treasuries, initiated by MicroStrategy. MicroStrategy leads the field with over 531,644 BTC, valued at nearly $45 billion. Other significant holders include Marathon Digital Holdings and Riot Platforms. With the addition of 42,000 bitcoins, this new venture would rapidly become a pivotal player, reflecting the increasing institutional adoption of bitcoin as a legitimate asset class and a strategy for balance sheet diversification.
The timing of this venture also aligns with policy changes under the Trump administration, characterised by a supportive approach towards cryptocurrencies. Trump’s executive orders established a cryptocurrency working group aimed at regulatory clarity, moving away from earlier restrictive practices. The shift suggests that regulatory bodies like the SEC are fostering innovation while protecting investors, which bodes well for institutional interest in digital assets.
Cantor Fitzgerald’s move into cryptocurrency highlights a significant transition in traditional finance, lending institutional credibility to the digital asset sector. The company is among the primary dealers for the Federal Reserve Bank of New York, merging traditional finance with digital assets. This strategic partnership combines Cantor’s financial experience, Tether’s crypto infrastructure, and SoftBank’s technological investments, promoting enhanced marketplace credibility and demonstrating a trend of institutional alliances as financial giants integrate cryptocurrency into their operations.
Furthermore, this multi-billion-dollar investment showcases the increasing institutional confidence in the crypto market, realised through established capital market structures like blank-check vehicles. Such mechanisms are paving the way for institutional scale investments in cryptocurrency, reflecting a broader acceptance despite the inherent volatility of the market.
