Cantor Fitzgerald SPAC in Talks for $4B Bitcoin Deal With Blockstream’s Adam Back: FT
2025-07-16 00:15:06
Main Idea
A Cantor Fitzgerald-backed investment vehicle is in late-stage discussions to receive 30,000 BTC from Blockstream Capital founder Adam Back, following earlier Bitcoin ventures.
Key Points
1. Cantor Equity Partners 1, a blank-check vehicle, would receive up to 30,000 BTC from Blockstream Capital founder Adam Back.
2. The deal follows Cantor Fitzgerald’s April agreement to create a SPAC-backed Bitcoin treasury firm, Twenty One, with a $3.9 billion war chest backed by Tether, Bitfinex, and SoftBank.
3. The exact value of the proposed deal remains unclear, and neither Cantor Equity Partners 1 nor Blockstream Capital has commented.
4. Crypto investors are increasingly turning to SPACs or reverse mergers to take their crypto ventures public.
5. More than 142 publicly-traded companies now hold Bitcoin, with combined holdings worth $112 billion.
Description
The deal would position Cantor as a major Bitcoin buyer, expanding its SPAC-led crypto strategy amid renewed political support.
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