Brandon Lungick, son of the American secretary in trade Howard Lunick and president of Cantor Fitzgerald, launches an investment vehicle Bitcoin listed supported by Softbank, Tether and Bitfinex, reported the Financial Times for the first time.
The special acquisition company for purposes (SPAC), nicknamed Cantor Equity Partners, has raised 200 million dollars in January and will help form a new company, 21 capital, has been categorical with $ 3 billion in Bitcoin (BTC) of cryptographic heavyweights. The agreement reflects the microstrategy Bitcoin proxy model and would convert the BTC into equity equity to an evaluation of $ 85,000 per room.
Cantor Fitzgerald is one of the guardians of Tether, holding the majority of his American treasury bills. Howard Lunick, however, softened his position on Tether’s liquidity while testifying to the Senate after initially declared that the stable issuer could explain each dollar.
Tether and Bitfinex contribute to $ 1.5 billion and $ 600 million respectively, while SoftBank adds $ 900 million. The company plans to raise an additional $ 550 million by bonds and investment capital to buy more BTC.
The SPAC intervenes in the middle of the optimism of cryptography renewed under the Trump administration, the Bitcoin oscillating nearly $ 92,000 and the regulatory tail winds. The agreement should be announced in the coming weeks, but could still change, according to the FT.
