On April 23, 2025, it was reported that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chairman at Cantor Fitzgerald, is collaborating with SoftBank, Tether, and Bitfinex to launch a new Bitcoin-focused investment vehicle called 21 Capital.
The venture is set to receive nearly $3 billion in Bitcoin contributions from the partners:
👉 $1.5B from Tether
👉 $900 million from SoftBank
👉 $600 million from Bitfinex
According to insiders, the company aims to model itself after MicroStrategy, leveraging the pro-crypto stance of the Trump administration and accelerating institutional access to Bitcoin.
This initiative signals a growing shift in how major financial players approach digital assets and could significantly advance mainstream Bitcoin adoption.
