Cantor, Tether Launch $3.6B Bitcoin SPAC
Investment bank Cantor Fitzgerald, now run by founder Howard Lutnick’s sons, unveiled “Twenty One,” a SPAC that will hold 42,000 bitcoin—about $3.6 billion—backed by Tether, Bitfinex, and SoftBank. The vehicle lets investors buy stock tied to massive crypto reserves without managing wallets, and pledges to bankroll bitcoin-centric media and financial products to broaden adoption.
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