
Trump signed an executive order to create a US Sovereign Wealth Fund, with Howard Lutnick, a close Trump ally, likely to play a key role.
Cantor Fitzgerald, formerly led by Lutnick, significantly increased its holdings in Strategy.
This fueled speculations that Cantor Fitzgerald may be acting on insider information related to Lutnick's involvement with the fund.
Earlier this month, U.S. President Donald Trump
Donald Trump
Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.
Quick Facts
Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician
Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.
Donald Trump - Career Highlights & Events
2016 – Elected as the 45th President of the United States from the Republican Party. 2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments 2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money" 2024 – Campaign signals potential openness to crypto-friendly reforms 2025 – Elected as the 47th President of the United States from the Republican Party.
A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.
President signed an executive order to create a U.S. Sovereign Wealth Fund, a move that could reshape the nation’s economic future. Howard Willaim Lutnick, a close ally of Trump, is expected to play a leading role in the fund’s development. Lutnick, who Trump is likely to nominate for Secretary of Commerce, could have a major influence on how the fund is set up.
Curious? Keep reading to find out how these pieces fit together.
Cantor Fitzgerald’s Bold Move
An intriguing post by Cory Bates on X (formerly Twitter) highlights Cantor Fitzgerald’s recent actions. Bates shared that the firm, once led by Lutnick as CEO, has increased its holdings in Strategy by at least 20% this quarter. Strategy is known for its aggressive Bitcoin investment strategy, making this move noteworthy.
Could this increase in holdings be linked to Lutnick’s expected role in the U.S. Sovereign Wealth Fund?
Who Is Lutnick?
Lutnick has been a key supporter of Trump for years, serving as a major fundraiser for Trump’s 2020 and 2024 presidential campaigns. He also co-chaired Trump’s 2024 presidential transition team. Given their close relationship, Lutnick’s involvement in the creation of the Sovereign Wealth Fund seems like a natural next step in his business and political career.
The Executive Order: What It Means for America’s Economy
On February 3, 2025, the White House released an executive order directing the establishment of the U.S. Sovereign Wealth Fund. The order aims to make sure the country’s national wealth is used to benefit all Americans.
According to the press release, the fund is designed to promote fiscal sustainability, reduce the tax burden on American families and small businesses, ensure economic security for future generations, and strengthen the U.S.’s economic leadership globally.
The order calls on the Secretary of the Treasury and the Secretary of Commerce to submit a plan for setting up the fund within 90 days. This plan will outline key areas such as funding, investment strategies, the structure of the fund, legal considerations, and how it will be managed.
Cantor Fitzgerland’s Investments
According to Bates’ X post, Cantor Fitzgerald increased its holdings in Strategy by 20% this quarter.
It is clear that Bates suspects that the firm’s investment decisions might be informed by insider knowledge or strategic foresight related to Lutnick’s position with the newly proposed Sovereign Wealth Fund.
Strategy is one of the largest corporate holders of Bitcoin, currently holding 478,740 BTC, worth over $46 billion. The company’s stock (MSTR) has been performing well lately, with a 1.37% increase in the past five days and a 3.94% surge in just the last 24 hours.
This growth could be a sign of things to come as the U.S. Sovereign Wealth Fund starts to take shape.
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