“Crypto Power Players Back $ 3b Bitcoin Spaac as Trump-Era Policies Spark New Wave of Institutional Bets.”, – WRITE: www.coindesk.com
The SPECIAL PURPOSE ACQUISION COMPANY (SPAC), DUBBED CANTOR Equity Partners, Raised $ 200 Million in January and Will Help Form A New Firm, 21 Capital, Seeded With (Billion In Billion In Billion in Heavyweights. The Deal Mirrors Microstrategy’s Bitcoin Proxy Model and Wound Convert The BTC Into Equity at A Valuation of $ 85,000 per Coin.
Cantor Fitzgerald is One of Tether’s Custodians, Holding The Majority of Its Treasuries. Howard Lutnick, However, Has Softed His Stance On Tether’s Liquidity While TESTIFYING BEFORE OF THE SENATE AFTER INITIVY SAYING The STABLECOIN Issuer Could Account Account For Everi Dollar.
TETHER AND BITFINEX Are Contribution $ 1.5 Billion and $ 600 Million, Respectively, While Softbank Is Adding $ 900 Million. The Venture Plans to Raise Another $ 550 Million Through Bonds and Private Equity to Purchase More BTC.
The Spaac Comes Amid Renewed Crypto Optimism Under The Trump Administration, With Bitcoin Hovering Near $ 92,000 and Regulatory Tailwinds Shifting. The Deal Is Expert to Be Announced in the Coming Weeks, But Could Still Change, accounting to the FT.
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