Cantor Fitzgerald SPAC in Talks for $4B Bitcoin Deal With Blockstream’s Adam Back: FT

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.