Brandon, son of the US Secretary of Commerce, joined forces with Tether, SoftBank and Bitfinex to establish 21 Capital! Inject Bitcoin

The Financial Times reported that 21 Capital, a new venture capital company led by Brandon, son of U.S. Secretary of Commerce Howard Lutnick, is forming a strategic alliance with Tether, SoftBank and Bitfinex to build a listing carrier with Bitcoin as its core asset and a scale of up to $3 billion, challenging the leadership of micro-strategy.

Brandon, son of the US Secretary of Commerce, joined forces with Tether, SoftBank and Bitfinex to establish 21 Capital! Injecting Bitcoin to challenge micro-strategy

The Big Three Spend US$3 billion to Enter Bitcoin to Create a New Generation of "Crypto Asset Holdings Company"

The report pointed out that SoftBank, Tether and Bitfinex will invest a total of US$3 billion worth of Bitcoin into 21 Capital. Among them, Tether led the investment of US$1.5 billion, SoftBank invested US$900 million, and Bitfinex invested US$600 million. The investment plan has not been finalized and details may still change, but it is expected to be officially announced within weeks: 21 Capital's vision is to become another heavyweight listing representative in the Bitcoin market, imitating micro-strategy to use Bitcoin as the company's main asset, raising funds through the open market and expanding its crypto-financial landscape.

Based on Cantor SPAC, 21 Capital is listed on the backdoor listing

The leading unit behind this Bitcoin layout is Cantor Equity Partners, a special purpose acquisition company (SPAC) launched by Cantor Fitzgerald, which has raised $200 million in January this year. As a springboard for 21 Capital, it will assist it in entering the open market.

Cantor Fitzgerald has continued to deepen its links to the cryptocurrency industry recently, including the company and Tether to launch a $2 billion Bitcoin lending program and the announcement of the adoption of institutional-level crypto-hosting platforms such as Anchorage Digital and Copper, showing its long-term commitment to the field.

BTC average price is 85k USD, and partners exchange shares to take over 21 Capital

In addition, partners participating in this plan will convert them into 21 Capital shares at a valuation of $85,000 per Bitcoin, at a price of $10 per share. In other words, this transaction is not only an asset layout, but also a disguised equity investment and value locking strategy: if the transaction progresses smoothly, 21 Capital will become another listed company with Bitcoin assets as the main value support, forming a competition with micro-strategy. The latter's current market value has exceeded US$91 billion, indicating that the market's high recognition of "bitcoin investment companies".

Trump's administration's policy shifts, and the crypto market ushers in a golden period?

Interestingly, the exposure of this major cooperation case comes as US President Trump becomes more friendly to crypto policies after he takes office. Howard Lutnick was appointed as U.S. Secretary of Commerce by Trump in November last year, and his son Brandon became the leader of the case, making the outside world increasingly curious about whether the U.S. government will include crypto assets in future industrial policies.

Even if there is still uncertainty in this cooperation, if it is successfully implemented, it will build a deeper connection between traditional capital and the crypto world and may unveil a new wave of capitalization for the crypto industry.

21 Can Capital shake the status of micro-strategy?

As more institutions and capital embrace Bitcoin, crypto asset holding companies like 21 Capital may emerge in the future. In an environment of friendly policies, hot market and corporate transformation, this investment, which may be as high as US$3 billion, is not only a wealth game, but also a redistribution of industrial power.

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