Latest news with #BrandonLutnick
Yahoo
30-05-2025
- Business
- Yahoo
Trump Media Group Reportedly Plans To Raise $3 Billion To Buy Cryptocurrencies: 'Borrowing A Page' From MSTR Playbook, Says Peter Schiff
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Trump Media & Technology Group (NASDAQ:DJT), the Trump family's media company, is reportedly strategizing to raise a $3 billion investment in cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE). What Happened: TMTG, the organization owned by the Trump family, is looking to raise $2 billion in new equity and an additional $1 billion through a convertible bond. This announcement could be made public ahead of a significant gathering of crypto investors and supporters in Las Vegas this week, as reported by the Financial Times on Monday. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. After his re-election last year, President Donald Trump transferred his 53% stake in TMTG, currently valued at around $3 billion, to a revocable trust managed by his son Donald Jr. Last month, a publicly traded blank-check company headed by Brandon Lutnick — the son of Commerce Secretary Howard Lutnick — announced a $3.6 billion deal to create a Bitcoin acquisition firm named Twenty One Capital, in partnership with Tether and SoftBank. Trump Media & Technology Group slammed the FT report, as per the It Matters: This move by TMTG comes after Bitcoin's price surpassed a record-high of $109,000 last week. Notably, in April, Trump Media & Technology Group Corp. saw a rally of over 25% in just five days. This surge was attributed to a high-profile partnership with and Yorkville America Digital, which led to the launch of a suite of 'America-First' ETFs. Meanwhile, notable economist Peter Schiff commented on X that TMTG is borrowing a page from Strategy (NASDAQ:MSTR) co-founder Michael Saylor's 'playbook.' Strategy, previously MicroStrategy, has transformed its market value to over $100 billion by leveraging debt and equity offerings to acquire tens of billions of dollars' worth of Bitcoin. Peter Schiff also took a dig at TMTG, saying it's unfortunate that Trump's company isn't able to open a factory and manufacture real products to help Americans avoid the impact of his own tariffs. On Friday, DJT stock climbed 4.64% to close at $25.72. On a year-to-date basis, it plunged 24.4%. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image via Shutterstock Send To MSN: Send to MSN This article Trump Media Group Reportedly Plans To Raise $3 Billion To Buy Cryptocurrencies: 'Borrowing A Page' From MSTR Playbook, Says Peter Schiff originally appeared on Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin Treasury Firm Twenty One Capital Brings Total Fundraise to $685M
Bitcoin BTC treasury firm Twenty One has raised an additional $100 million through convertible senior secured notes, pushing its total capital raised to $685 million as it advances toward a planned merger with Nasdaq-listed Cantor Equity Partners (CEP), a Thursday filing with the U.S. Securities and Exchange Commission shows. The fresh financing comes from existing investors and sponsors who exercised their option to buy more of the notes, originally granted during the April fundraising round, the regulatory filing said. The new notes carry a 1% coupon and are due in 2030. The $100 million boost adds to the $385 million initially committed, bringing the total note financing to $485 million. That's on top of $200 million in private investment in public equity (PIPE) disclosed last month. CEP is lower by 1.5% in morning U.S. trade as bitcoin slips below $107,000. Twenty One is the latest example of firms with a crypto treasury strategy, following Michael Saylor's Startegy (MSTR). The firm is being launched by Brandon Lutnick—the son of U.S. Commerce Secretary and former Cantor Fitzgerald chairman Howard Lutnick—via a a special-purpose acquisition company (SPAC) structure using Cantor Equity Partners. Owners include iFinex—the parent company of Bitfinex—and Tether, the issuer of the $150 billion USDT. The company will be led by Strike CEO Jack Mallers. The company recently disclosed a $458 million BTC acquisition earlier this month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund
Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin BTC gains with a fallback anchored to gold. The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin's price rise while offering one-to-one downside protection based on the price of gold, according to the firm's Thursday press release. The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said. "There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem," Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas. "I think it's going to be one of the great products of the Earth." The move shows the investment giant is venturing deeper into bitcoin-related products as digital assets are becoming increasingly part of traditional markets. Earlier this week, Cantor said it opened its bitcoin lending business with first financing provided to crypto lender Maple and digital asset prime brokerage in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
Cantor's Bitcoin Financing Business Fully Operational; Executes Initial Trades Throughout May
DARIEN, Conn.--(BUSINESS WIRE)-- Cantor, a premier investment bank, today announced its Bitcoin Financing Business has successfully executed its first transactions. The business, which expects to make available up to $2 billion of financing in its initial phase, provides leverage to institutional investors who hold Bitcoin, bringing scale, structure, and sophistication to the digital asset industry. 'Early on, Cantor recognized the transformative impact digital asset financial services would have on the global economy,' said Brandon Lutnick, Chairman of Cantor Fitzgerald. 'This achievement highlights how the combination of Cantor's deep expertise and entrepreneurial spirit creates a distinct advantage on Wall Street and further solidifies our position as a leading investment bank for crypto and digital asset clients." 'These transactions mark a milestone for Cantor and the traditional finance industry, and demonstrate how innovative institutional expertise can unlock capital and deliver sophisticated financing solutions for institutional Bitcoin investors,' said Christian Wall, Co-Chief Executive Office and Global Head of Fixed Income at Cantor. 'Institutions holding Bitcoin are looking to broaden their access to diverse funding sources, and we are excited to support their liquidity needs to help them drive long term growth and success.' Cantor's Bitcoin Financing Business was built to meet rigorous security, transparency, and reliability standards. Cantor partnered with digital asset custodians, Anchorage Digital and to safeguard client assets with their proven security architecture. Notes to editors This announcement is for general information purposes only and is not investment advice or a recommendation or solicitation to buy, sell, stake or hold any digital or crypto asset or to engage in any specific trading strategy. There may be geographic and other limitations on availability. About Cantor Fitzgerald, L.P. Cantor Fitzgerald, with approximately 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more. About Cantor Cantor, a premier global investment bank, is a part of the Cantor Fitzgerald group of companies. Founded in 1945, Cantor delivers unparalleled sector expertise, innovative products, and tailored solutions across a broad range of financial services, including investment banking, capital markets, fixed income and equities sales and trading, prime services, research, and asset management. Headquartered in New York, the firm has more than 60 office locations worldwide. For more information, please visit
Business Times
28-05-2025
- Business
- Business Times
UBS to sell hedge fund unit O'Connor to Cantor Fitzgerald
[ZURICH] UBS Group's asset management division has signed an agreement to sell its O'Connor unit to Cantor Fitzgerald, it said in a statement on Wednesday (May 28) that confirmed a Bloomberg News report from earlier this month. Closing of the transaction for the 'single manager hedge fund, private credit and commodities platform' is expected during the fourth quarter and is subject to regulatory approvals, UBS said in the statement. The deal includes 'O'Connor's six investment strategies' with about US$11 billion in assets under management. O'Connor's investment and support teams 'will move to Cantor Fitzgerald's asset management division upon closing,' it said. The two companies also plan to establish 'a long-term commercial arrangement.' The deal is 'transformational for our asset management business' Cantor Fitzgerald chairman Brandon Lutnick said in a separate statement. Bloomberg News first reported earlier this month that UBS is in talks with Cantor Fitzgerald about the sale of the unit. BLOOMBERG
