Microstrategy 2.0: Cantor, Softbank and Tether launches Bitcoin-Vehikel
Cantor Fitzgerald, Tether Holdings and the Softbank Group have discussions about the foundation of a 3-billion dollar society that will absorb Bitcoin worth several billion dollars. The vehicle is to build on the success of Michael Saylors (micro) strategy.
Before entering Bitcoin, Strategy (formerly Microstrategy) was primarily a company for business intelligence and analysis software that offered tools for data-based decision-making and business reporting. However, Strategy has been taking off -capital capital for 2020 to acquire Bitcoin. The company has changed into a quasi-bitcoin hedge fund and now has $ 50 billion in cryptocurrency-around 2.5% of the total offer. With the bold strategy Catapulted Michael Saylor's company his rating in die Top-100 the US shares. The three heavyweights Cantor, Tether and Softbank want to replicate this success through their own joint venture, such as the Financial Times reported.
Bitcoin-vehikel
Cantor Equity Partners I Inc., a purpose society (English = Special Purpose Acquisition Company, Spac), recorded $ 200 million in capital in January and will use these funds to establish a new company. This will mean 21 capital – a reference to the Bitcoin maximum amount of 21 million. The StableCoin giant Tether contributes 1.5 billion USD in Bitcoin, while the Bitfinex and Softbank stock exchange connected to Tether want to provide $ 600 million or 900 million of cryptocurrency. The deal could be announced in the next few days, according to the source of the FT.
The business is comparable to Michael Saylor's Strategy's successful business model. M thenp has appeared in recent years, including the Japanese company MetAplanet. Your purchases are usually financed by the sale of stocks and other financial instruments, including convertible bonds. After the association has been completed, the Cantor vehicles will set up a convertible bond of $ 350 million and a separate private placement of stocks worth $ 200 million in order to buy further Bitcoin. This wants to create a publicly traded alternative to strategy.
Top -class consortium
Brandon Lutnick, who was appointed chairman of the Brokerhaus Cantor Fitzgerald, leads the iniative as his father resigned to become Trump's Minister of Commerce. The company has been helping Tether for years to manage the reserves and maintains a convertible bond of the StableCoin operator. Brandon is also a CEO and chairman of the purpose society. The proximity to the Trump administration should be beneficial to the project.
If the deal comes about, a new Bitcoin offer shock could be imminent. Michael Saylors Strategy plans to accept over $ 42 billion and invest in Bitcoin by 2027. If the new competitor also acquires billions of Bitcoin, the upward pressure increases to the Bitcoin price.
