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$13.2 Billion Cantor Fitzgerald to Launch $2 Billion Bitcoin Financing Business

Jul 27, 2024, 04:08 PM

Cantor Fitzgerald has announced plans to launch a Bitcoin financing business aimed at providing leverage to Bitcoin investors and liquidity to Bitcoin mining operations. The firm will start with $2 billion in initial financing. CEO Howard Lutnick stated that the $13.2 billion company owns a significant amount of Bitcoin and is committed to unlocking its full potential. The new business is expected to see significant growth beyond the initial funding.