In a significant move within the cryptocurrency sector, Cantor Fitzgerald, Tether, and SoftBank have announced the launch of a new Bitcoin-focused company, with a combined investment of approximately $3.6 billion. This venture, spearheaded by Jack Mallers, CEO of Twenty One Capital, aims to compete with existing market leaders such as MicroStrategy. The collaboration is seen as a bold step, as the firms plan to leverage their collective resources to create a Bitcoin acquisition vehicle and enhance their positions in the rapidly evolving crypto market. As Bitcoin prices soar, this partnership brings together established financial giants to make substantial investments in the cryptocurrency space.