Cantor Fitzgerald Holds Tether Convertible Bond, Howard Lutnick Says
Cantor Fitzgerald has a convertible bond with Tether, incoming Commerce Secretary Howard Lutnick said at his confirmation hearing, confirming previous reporting by The Wall Street Journal that Cantor had struck a deal to invest in the crypto firm. The Journal reported in November that under the agreement the Wall Street firm stood to receive about a 5% ownership interest in Tether, which Cantor valued at as much as $600 million.
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