Cantor Fitzgerald Announces $2 Billion Bitcoin Financing Deal

Howard Lutnick and Cantor Fitzgerald took a break from the day's political headlines to announce a major business deal.

At the Bitcoin 2024 event, Howard Lutnick, the billionaire president and CEO of Cantor Fitzgerald, announced the launch of a Bitcoin lending program.

Lutnick took the stage to show support for the cryptocurrency community. In his speech, he covered a range of topics, from the death of his brother during the 9/11 attacks at the World Trade Center, where he was among 658 Cantor Fitzgerald employees, to his support for Bitcoin.

Regarding the company's Bitcoin lending program, Lutnick stated:

"Today, I am making an important announcement. We are launching a Bitcoin financing business at Cantor Fitzgerald. We will offer leverage to Bitcoin holders and will kick off with a $2 billion credit facility."

Although details of the lending program have not yet been disclosed, Cantor Fitzgerald's allocation of $2 billion for this initiative could be seen as a bullish signal for other financial institutions and the market as a whole.

Lutnick concluded: "In essence, we will integrate Bitcoin into the global financial markets, and Cantor Fitzgerald will be your sponsor in this process."

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