Cantor Fitzgerald Is Launching a $3 Billion Bitcoin Acquisition Vehicle, Mirroring MicroStrategy's Strategy

Cantor Fitzgerald is hurtling toward the launch of a $3 billion Bitcoin acquisition vehicle, garnering support from industry heavyweights.

Cantor Fitzgerald is rapidly advancing toward the launch of a $3 billion Bitcoin acquisition vehicle, enlisting the support of industry heavyweights, reports the Financial Times.

As the launch edges closer, experts like Syncracy Capital co-founder Ryan Watkins are comparing it to a MicroStrategy clone.

What Happened: According to the report, Cantor Fitzgerald will be floating a Bitcoin SPAC in the near future. The move has already secured the backing of several industry heavyweights, including SoftBank, Bitfinex and Tether.

As part of the capital commitment, Tether will be seeding the bitcoin acquisition vehicle with $1.5 billion worth of Bitcoin. Japanese investment giant SoftBank will be chipping in with $900 million, while Bitfinex will contribute $600 million.

SoftBank’s decision to invest in Bitcoin follows its Tokyo-based Metaplanet’s consistent acquisition of BTC throughout the year.

Together, the trio will be providing Cantor with a total of $3 billion to launch the bitcoin venture. The initiative will be spearheaded by Cantor Equities Partners, which will create a new corporate entity named 21 Capital.

The report adds that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick will be leading 21 Capital.

Also Read: Benzinga Impact Series: How Digital Currency Is Transforming the Financial Landscape

The new capital will be used to invest in bitcoin and fund the startup.

The move comes as Cantor Fitzgerald is already deploying $2 billion into a bitcoin financing business, with Anchorage serving as the custodial partner.

Cantor also manages the reserves for Tether, which recently expressed interest in investing in the bitcoin financing business being run by Cantor.

Is It A MicroStrategy Clone?

Syncracy Capital co-founder Ryan Watkins described Cantor’s new venture as an attempt to mirror MicroStrategy’s bitcoin accumulation blueprint.

He went on to warn that the move to accumulate bitcoin may trigger bubble behaviour that may trigger unwindings in the future.

“So another MicroStrategy clone, by Cantor, SoftBank, and Tether, with $550M of dry powder to start. One is an outlier, two is a trend. Dozens starts to look like bubble behaviour.”

However, crypto lawyer John Deaton stated that the move is in line with U.S. President Trump’s decision to launch a Strategic Bitcoin Reserve.

Trump’s executive order mandates Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to acquire bitcoin in budget-neutral ways.

Bitcoin price reacted positively to the report, climbing to a two-week high of $93,000.

Despite the strong price action, there are fears that the BTC rally might be fake with the spectre of a drop to $80K lurking in the shadows.