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Trump Official's Son Planning $3B BTC Venture with Tether and SoftBank

Commerce Secretary Howard Lutnick's son is reportedly inking a bitcoin mega deal at the brokerage firm his father was the long-time CEO of.
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Apr 23, 2025 • 1 min read

Cantor, Tether, and SoftBank are aiming to jointly deploy $3B into Bitcoin through share-converted holdings in 21 Capital, betting big on BTC’s future, Financial Times reports.

What’s the Scoop?

  • Major Collaboration: Cantor Fitzgerald, Tether, and SoftBank reportedly plan to invest $3 billion into a Bitcoin-focused project, spearheaded by Lutnick's Cantor.
  • Conversion to Shares: The deal involves Bitcoin holdings being converted into shares of 21 Capital at $10 per share, implying a Bitcoin valuation of $85,000.
  • Industry Impact: The collaboration marks one of the largest partnerships between traditional finance, crypto stablecoin issuers, and institutional investors.

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