U.S. Commerce Secretary son leads crypto mega-firm as Bitcoin tops $93,000

Brandon Lutnick, son of U.S. Secretary of Commerce Howard Lutnick, is launching a Bitcoin-focused investment venture with $3 billion in assets under management.
The ambitious project, named 21 Capital, aims to merge traditional finance with digital assets, with an initial Bitcoin allocation valued at $3 billion. According to Cointrack Daily, the core of 21 Capital is a dedicated acquisition vehicle — Cantor Equity Partners — which earlier this year secured $200 million in funding.
Brandon Lutnick is leading the new firm, while his father heads both the U.S. Department of Commerce and Cantor Fitzgerald. Major backers include SoftBank (pledging $900 million), Tether ($1.5 billion), and Bitfinex ($600 million).
Following Michael Saylor’s playbook
The team behind 21 Capital also plans to raise an additional $550 million via bond offerings and private equity channels to expand its Bitcoin portfolio.
Sources say the investment structure mirrors Michael Saylor’s strategy with MicroStrategy. Notably, the launch of 21 Capital coincided with a nearly 6% surge in Bitcoin's price to over $93,500 (according to CoinMarketCap), while the overall crypto market rose by 6.3% to $2.93 trillion.
As we wrote, on Friday, March 7, during the first-ever cryptocurrency summit at the White House, US President Donald Trump will unveil new details about the national strategic crypto reserve. This was revealed by US Secretary of Commerce Howard Lutnick.