Brandon Lutnick, son of US commerce secretary Howard Lutnick, is partnering with SoftBank, Tether and Bitfinex to capitalise on a cryptocurrency revival under US President Donald Trump.
The consortium is creating a multibillion-dollar bitcoin acquisition vehicle that will absorb billions in cryptocurrency from the other partners and use the funds in an attempt to replicate the success of MicroStrategy, a one-time software company that surged after pivoting to cryptocurrency investing, according to three people briefed on the matter.
The vehicle is an attempt by Brandon Lutnick, who was named chair of brokerage Cantor…
