Cory 🦢 Real Bitcoin @ Swan.com
@CorySwan • 293,106 subscribers
CEO @Swan, the wealth platform for Real Bitcoin | Family, history, truth, 🏀 | press: [email protected] | VIEWS ARE MY OWN, not Swan’s
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Season 1, Episode 6: THE ONE WHERE HOWARD LUTNICK GETS IN BED WITH TETHER AND SCORES A MASSIVE PAYDAY On May 17, 2024, Giancarlo Devasini, reportedly owner of the majority of Tether’s voting stock, told an associate that he had given Howard Lutnick a large number of shares “bloody cheap”. Devasini’s admission followed Lutnick’s January 2024 Bloomberg appearance in Davos when, unprompted by the interviewer, Lutnick launched into a long monologue in which he passionately vouched for Tether. In his confirmation hearing on Jan. 29, 2025, Lutnick, now the United States Commerce Secretary, admitted that Devasini sold his firm @CantorFitzgerald a 5% economic interest in Tether in early 2024 for $600 million, implying a $12 billion valuation. Fast forward to today, as Tether is currently marketing a private fundraising round of $20 billion on a $500 billion pre-money valuation, which would balloon the Lutnick/Cantor stake by ~42x, to around $25 billion. The fundraising is reportedly being led directly by “the Chairman’s office” at Cantor, according to a source. While Cantor is not publicly listed, LLMs estimate the bank’s enterprise value in the $8-10 billion range, a figure now dwarfed by the imputed value of its Tether stake. On June 8, 2024, Devasini said of Lutnick: “Howard is a caricature of himself. He’s a shark. He’ll take a piece of flesh if he has a chance. So the game is always to align his interest.” The big question, then, which perhaps The Wall Street Journal Bloomberg Financial Times The New York Times may be interested to dig into: Who does Howard Lutnick, the current Commerce Secretary of the United States, really work for? And for Donald J. Trump: When push comes to shove, is Howard Lutnick going to have your back, or will he do the bidding of the guys who are making him rich beyond anything you could ever do for him? Note: The Senate Committee responsible for oversight is Banking, Housing, and Urban Affairs, led by Tim Scott Senator Tim Scott and Elizabeth Warren Elizabeth Warren. The House Committee is Financial Services, led by French Hill French Hill and Maxine Waters Maxine Waters.
Cory 🦢 Real Bitcoin @ Swan.com251,707 次观看 • 6 个月前
"This morning you saw $384 million raised by a company called Sequans $SQNS, who's starting their own Bitcoin treasury. It shows Sequans management are really believing in Bitcoin, wanting to make that a core part of their business." - on Schwab Network
Cory 🦢 Real Bitcoin @ Swan.com96,617 次观看 • 11 个月前
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