Cantor Equity Partners 1 Gains 25% on $3.5B Bitcoin Deal With Adam Back
2025-07-16 15:46:57
Main Idea
Cantor Equity Partners I (CEPO) is set to acquire 30,000 BTC from Adam Back in a $3.5 billion deal, with Back receiving equity in the renamed BSTR Holdings, while CEPO seeks additional capital to acquire more BTC.
Key Points
1. Cantor Equity Partners I (CEPO) is nearing a $3.5 billion deal to acquire 30,000 BTC from Bitcoin OG Adam Back.
2. Adam Back will receive equity in the vehicle, which will be renamed BSTR Holdings.
3. CEPO is also seeking to raise an additional $800 million to acquire more BTC.
4. The deal has caused CEPO's stock to rise by about 25% in morning U.S. trading.
5. CoinDesk Senior Analyst James Van Straten clarifies that the deal is not a liquidity event for Back but rather a realization of gains on his holdings.
Description
Cantor Equity Partners I (CEPO) is changing hands just shy of $15 in morning U.S. action, up about 25% from the $12 level it traded at prior to a late-Tuesday story from the FT that the company and Adam Back were nearing a $3.5 billion funding deal. To review, CEPO is the blank check bitcoin treasury company headed by Brandon Lutnick — chairman of Wall Street investment bank Cantor Fitzgerald and son of Trump administration Commerce Secretary Howard Lutnick. According to the FT report , Cantor E...
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