Son of US Commerce Secretary Lutnick starts Bitcoin fund

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Last Updated on 25 April 2025 by CryptoTips.eu

Howard Lutnick, the US Secretary of Commerce, has been in the news quite a lot in recent weeks. He was the man standing next to Donald Trump when the latter presented his famous graph of worldwide import tariffs on ‘Liberation Day’. After that, almost all stock markets crashed. In the days that followed, Lutnick tried to convince Europeans to buy America’s ‘beautiful beef’. By that time, the White House probably began to realize that it had made a mistake.

Advertentie.

Tether

Brandon Lutnick, the son of that same Howard Lutnick, presented some incredible news of his own this week. He ‘s setting up a new kind of Bitcoin fund, in collaboration with Tether, Softbank and Bitfinex.

The consortium announced Wednesday that it will make a multibillion-dollar investment in bitcoin through a new company called Twenty One Capital, which will buy billions of dollars in cryptocurrency from the other partners with the goal of buying more bitcoins.

Mallers

Brandon announced that Twenty One Capital would be led by Jack Mallers, who you may remember from his mid-December statement that sent Bitcoin to a record price.

https://twitter.com/Vivek4real_/status/1915115283439653017

Back then, Mallers was a guest on the podcast of American commentator and journalist Tim Pool (who also appears on Joe Rogan’s podcast). There, Mallers discussed Donald Trump’s plan to sign an ‘executive order’ to create a ‘strategic Bitcoin reserve’ in the United States as from January 2025. That did not happen, but with the money that Mallers now has at his disposal via Tether, Softbank and Bitfinex, he hopes to do something similar.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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