Satoshi Candidate Breaks Silence on Mega $3.5 Billion Bitcoin Deal
2025-07-17 16:31:28
Main Idea
Adam Back, a cryptographer speculated to be Satoshi Nakamoto, has launched Bitcoin Standard Treasury (BSTR) and announced a merger with SPAC Cantor Equity Partners I (CEPO), involving a $3.5 billion Bitcoin deal.
Key Points
1. Adam Back's new entity, Bitcoin Standard Treasury (BSTR), is merging with SPAC Cantor Equity Partners I (CEPO), bringing 30,021 BTC into the deal.
2. The financing includes $1.5 billion in fiat PIPE funding, a $200 million SPAC contribution, and a mix of convertible notes and preferred equity.
3. The deal is notable due to the involvement of Cantor Fitzgerald, chaired by Howard Lutnick, with his son Brandon also participating.
4. This is the first SPAC deal denominated in Bitcoin, marking a significant milestone in cryptocurrency finance.
5. Adam Back's involvement has drawn attention due to long-standing speculation that he might be Satoshi Nakamoto.
Description
Bitcoin OG Adam Back pivots to Wall Street in epic $3.5 billion move with Cantor
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