Cantor Fitzgerald is finalizing a deal to acquire approximately 30,000 bitcoins, valued near $3.5 billion, from Blockstream Capital. The transaction utilizes a Special Purpose Acquisition Company (SPAC) vehicle that secured $200 million in funding earlier this year.
Upon completion, the acquisition would expand Cantor Fitzgerald’s cumulative Bitcoin holdings across its investment portfolio to approaching $10 billion before year-end. This positions the firm among the largest institutional holders of cryptocurrency globally.
The move exemplifies a broader pattern of major financial entities accumulating Bitcoin through structured instruments like SPACs and strategic partnerships. Blockstream founder Adam Back—renowned for developing foundational Bitcoin-related technologies including Hashcash—supports this institutional-grade transaction.
This acquisition reflects sustained confidence in Bitcoin as a strategic store of value and inflation hedge, drawing parallels to MicroStrategy’s high-profile Bitcoin accumulation strategy. It signals deepening institutional adoption of cryptocurrency through sophisticated capital market mechanisms.