Cantor Equity Partners 1, a special purpose acquisition company (SPAC) affiliated with Cantor Fitzgerald, is negotiating the acquisition of nearly 30,000 Bitcoin (worth approximately $4 billion) from Blockstream founder Adam Back. The deal involves raising an additional $800 million in capital.
The transaction will establish Twenty One, a Bitcoin treasury firm supported by the SPAC structure and backed by investors including Tether, Bitfinex, and SoftBank. This underscores Cantor Fitzgerald’s strategic push to deepen institutional cryptocurrency market participation through compliant investment vehicles.
SPACs have emerged as key facilitators of institutional crypto adoption, with Cantor’s initiative mirroring efforts by Nakamoto Holdings and ProCap Financial. They provide public market pathways for traditional finance to access crypto assets while managing regulatory and operational complexities.
The move occurs amid evolving cryptocurrency regulations, with Cantor’s structured approach offering institutions a potential model to balance growth objectives against market volatility risks. Custodial frameworks and transparency measures form core components of this blueprint.
This acquisition signals how SPACs expand public access to crypto markets during industry maturation, converting private digital asset holdings into regulated public offerings while leveraging institutional-grade risk management frameworks.