Odaily News According to the Financial Times, Cantor, a financial services company led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and crypto trading platform Bitfinex to form a Bitcoin investment consortium with a scale of over $3 billion.
According to three people familiar with the matter, the consortium will absorb billions of dollars in crypto assets held by partners, following the successful path of Strategy (MSTR.O), a software company transformed into a cryptocurrency investment, which currently holds tens of billions of dollars worth of Bitcoin and has a market value that has soared to $91 billion.
The move comes as the Trump administration pushes for digital currency-friendly policies. People familiar with the matter added that Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million in Bitcoin, respectively.