Finance, crypto ventures, and institutional strategy by Brandon Lutnick
Brandon Lutnick is Chair of Cantor Fitzgerald and founder of Twenty One Capital, one of the most capitalized Bitcoin acquisition vehicles globally. Launched in April 2025 via reverse merger, Twenty One Capital started with a $3.6 billion balance sheet and 42,000 BTC, placing it among the top five corporate Bitcoin holders worldwide. Tether contributed $1.5 billion, SoftBank added $900 million, and Bitfinex allocated $600 million. Lutnick previously structured multi‑billion dollar SPACs and M&A transactions through Cantor Equity Partners.
Twenty One Capital mirrors MicroStrategy’s Bitcoin accumulation model and aims to serve as a pure Bitcoin treasury vehicle for institutional investors. With operational filings registered with the SEC in Q2 2025, the firm now holds over 0.2 percent of total Bitcoin supply. Lutnick’s strategic pivot signals rising institutional demand for asset-backed digital balance sheets. In July 2025, the vehicle recorded its first yield-bearing loan against BTC holdings, underwritten by a major Wall Street bank.