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A consortium led by Brandon Lutnick’s Cantor Fairness Companions is making ready probably the most formidable treasury-style bets on Bitcoin since MicroStrategy first turned its steadiness sheet right into a proxy for the cryptocurrency market. In keeping with a Monetary Occasions report, the special-purpose acquisition firm (SPAC) backed by brokerage Cantor Fitzgerald has lined up a mixed $3 billion in bitcoin contributions from SoftBank, Tether and Bitfinex to seed a brand new entity referred to as 21 Capital.
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