Cantor Equity Partners to Acquire 30,000 BTC from Blockstream Founder in $4 Billion Bitcoin Deal
2025-07-16 07:56:38
Main Idea
Cantor Equity Partners, affiliated with Cantor Fitzgerald, plans to acquire 30,000 BTC from Blockstream founder Adam Back in a deal valued over $4 billion, highlighting growing institutional interest in Bitcoin.
Key Points
1. Cantor Equity Partners, led by Brandon Lutnick, is set to acquire 30,000 BTC from Blockstream founder Adam Back.
2. The deal is valued at over $4 billion, with $800 million allocated for additional Bitcoin acquisitions.
3. Cantor Fitzgerald previously announced a SPAC-backed Bitcoin fund named Twenty One, aiming to raise $3.9 billion.
4. The fund has received backing from prominent entities like Tether, Bitfinex, and SoftBank.
Description
On July 16, the Financial Times disclosed that Cantor Equity Partners 1, a SPAC affiliated with Cantor Fitzgerald and led by Brandon Lutnick, is set to acquire 30,000 BTC from
Latest News
- GMX Recovers $42 Million GLP Funds on Arbitrum After V1 Vulnerability Attack2025-07-16 13:07:37
- Bulgaria’s Bitcoin Sale Highlights Potential Benefits and Risks of Government Crypto Reserves2025-07-16 13:03:34
- Hyperion’s RION Token Soars with $20M Valuation in Aptos Ecosystem’s First Bonding Curve IDO2025-07-16 13:02:32
- ORCA plans to launch a token Launchpad at the end of July or early August. $ORCA2025-07-16 13:00:53
- XRP Sees Increased Trader Interest as Price Approaches Key Resistance Levels Amid Market Developments2025-07-16 13:00:35