TechFlow news, April 23 — According to Jinshi Data citing the Financial Times, Cantor, a financial services firm led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is collaborating with SoftBank, Tether, and cryptocurrency exchange Bitfinex to form a bitcoin investment consortium exceeding $3 billion.
According to three sources familiar with the matter, the consortium will pool billions of dollars in crypto assets from its partners, following the successful model of Strategy (MSTR.O)—a software company that pivoted to cryptocurrency investments and now holds billions of dollars worth of bitcoin, with its market value soaring to $91 billion.
The move comes as the Trump administration advances pro-digital currency policies. Sources added that Tether will contribute $1.5 billion in bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million in bitcoin, respectively.
