Cryptocurrencies

SoftBank, Tether, Cantor Bring Financial Muscle in Crypto Gambit

Twenty One is launching with about $4 billion worth of Bitcoin.

Photographer: Camilo Freedman/Bloomberg

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.