Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports
2025-07-16 03:43:31
Main Idea
Cantor Fitzgerald is planning a $3.5 billion Bitcoin acquisition from Blockstream Capital through a SPAC merger, which could position it as one of the world's top Bitcoin buyers.
Key Points
1. Cantor Fitzgerald, led by Brandon Lutnick, is nearing a deal to acquire 30,000 BTC (worth $3.5 billion) from Blockstream Capital via a SPAC merger.
2. The deal involves Cantor Equity Partners 1, a SPAC that raised $200 million in January, and Blockstream Capital, founded by Bitcoin pioneer Adam Back.
3. If completed, Cantor's combined crypto purchases through its vehicles (BSTR Holdings and Twenty One Capital) could reach nearly $10 billion this year.
4. Blockstream's Adam Back is a notable figure in Bitcoin's history, as his 1997 Hashcash work was foundational to Bitcoin’s proof-of-work consensus.
5. This follows Cantor Fitzgerald's previous $3.6 billion crypto deal with SoftBank and Tether in April.
Description
Brandon Lutnick's Cantor Fitzgerald is nearing a big Bitcoin acquisition through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.
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