SoftBank, Tether, Cantor Bring Financial Muscle in Crypto Gambit

May 8, 2025, 12:00 PM UTC

When Michael Saylor transformed his long-fading software firm into a Bitcoin juggernaut in 2020, he pulled off one of the most successful corporate pivots in recent memory by weaponizing the sheer power of capital markets.

Now, Cantor Fitzgerald — backed by institutional muscle — is aiming to replicate Saylor’s success with even bigger ambitions.

Along with stablecoin heavyweight Tether Holdings SA and SoftBank Group, the new digital-asset venture, Twenty One Capital, is positioning itself as a next-generation Bitcoin “pure play.” Like the former MicroStrategy, now renamed Strategy, Twenty One will raise capital to amass the digital token and ...

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