Lutnick’s Cantor Fitzgerald Nears $4B Bitcoin Deal With Adam Back via SPAC: FT
2025-07-15 22:31:31
Main Idea
Brandon Lutnick's Cantor Fitzgerald is in advanced talks with Blockstream founder Adam Back for a $4 billion Bitcoin acquisition deal via a SPAC, which would involve Back contributing 30,000 BTC in exchange for shares in the renamed BSTR Holdings.
Key Points
1. Cantor Fitzgerald's SPAC, Cantor Equity Partners 1, is negotiating with Adam Back to acquire over $3 billion worth of Bitcoin (approximately 30,000 BTC).
2. The total potential transaction value could reach $4 billion, with the SPAC raising up to $800 million for Bitcoin purchases.
3. Adam Back and Blockstream would receive shares in the SPAC, which would be renamed BSTR Holdings as part of the deal.
4. Brandon Lutnick, chair of Cantor Fitzgerald, has expressed a bullish outlook on Bitcoin, highlighting its fixed supply of 21 million coins as a key feature.
Description
Financial Times (FT) reports that Brandon Lutnick is in late-stage talks with Blockstream founder Adam Back on a roughly $4 billion deal to acquire bitcoin using a special purpose acquisition company (SPAC). Unnamed Sources Tell FT $4B Bitcoin SPAC Deal in Works Between Lutnick, Adam Back Cantor Equity Partners 1, a SPAC backed by Cantor
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