SoftBank Is Buying BTC Again, After $130M Loss in 2018. Is This Time Different?

SoftBank Is Buying BTC Again, After $130M Loss in 2018. Is This Time Different?

Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald.For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional crypto adoption. After all, SoftBank functions more or less like a Jap…

Bitcoin Gets $3B Power Play As Cantor, SoftBank, Tether Unite – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A consortium led by Brandon Lutnick’s Cantor Equity Partners is preparing one of the most ambitious treasury-style bets on Bitcoin since MicroStrategy first turned its balance sheet into a proxy for the cryptocurrency market. According to a Financial Times report, the special-purpose acquisition company (SPAC) backed by brokerage Cantor Fitzgerald…

SoftBank Joins Forces with Tether and Bitfinex to Capitalize

SoftBank collaborates with Tether and Bitfinex to form a new crypto consortium. The consortium aims to acquire significant Bitcoin assets and develop innovative financial strategies. Continue Reading:SoftBank Joins Forces with Tether and Bitfinex to Capitalize on Crypto Potential The post SoftBa...

SoftBank, Tether, Bitfinex team up to launch Bitcoin-native venture

SoftBank Group Corp., Tether and Bitfinex have teamed up to launch Twenty One Capital, Inc., a bitcoin-native company, through a business combination with Cantor Equity Partners (CEP). Cantor said in a statement on Wednesday that Twenty One, a newly formed entity, has entered into a definitive agreement for a business combination with CEP, a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, a global finan…

Cantor Equity Stock Surges 134% Ahead of Planned Merger for $3.9 Billion Bitcoin Company - WorldNL Magazine

In brief Tether, Bitfinex, Cantor Fitzgerald, and SoftBank are working together to launch a public Bitcoin company, Twenty One. Cantor Equity Partners—a blank check company associated with Cantor Fitzgerald—will help Twenty One launch via a SPAC merger. CEP shares are up 134% on the week due to a surge following the announcement. Shares of Cantor Equity Partners, an investment firm affiliated with crypto-friendly Cantor Fitzgerald, soared 50% on…

Exchanges Running Out of Bitcoin?! | The Supply Shock is Here!

The Bitcoin supply shock is HERE, and 21 Capital has just been born with a mission to outstack Michael Saylor! They’re backed by Cantor Fitzgerald, Tether, and SoftBank. Cantor Equity Partners (CEP) is mooning, Fidelity is reporting exchanges are running out of BTC, and sovereign wealth funds...