Cantor Fitzgerald Nears $4 Billion Bitcoin Deal With Blockstream Founder Adam Back

Financial times I mentioned Today, Cantor Fitzgerland, LP close to the 4 billion dollar SPAC deal, aimed at obtaining billions of dollars from Bitcoin, indicates one of the largest Bitcoin and other Crypto purchases carried out by the connected Wall Street company.

The Cantor Equity Partners 1, an empty examination car that raised $ 200 million in January, Adam Pak, founder of Blockstream. Again, a pioneer in the industry, which is the Hashcash Proof-Forfors, is expected to contribute to Bitcoin Blockchain insurance, up to 30,000 Bitcoin in stock 1 partners, with a value of more than $ 3 billion.

The car also plans to raise up to $ 800 million in the outdoor capital to expand Bitcoin purchases, up to the total value of the deal to more than $ 4 billion. In exchange for Bitcoin, Back, Blockstream Capital will receive shares in the Cantor vehicle, which will be rename BSTR Holdings.

“The deal could come early this week, and the people who warned that the conditions still could change,” said Financial Times. “If they are completed in the coming days, this will come during what the Republican lawmakers called” encryption week “during the contradiction of the legislation related to digital currencies.”

This will be the second major Bitcoin acquisition in Cantor this year, after a $ 3.6 billion project with SoftBank and Tether in April. Combined, the total Bitcoin from Cantor and other coding acquisitions this year can reach approximately $ 10 billion through BSTR Holdings and Twenty One Capital.

The company strongly puts itself as a leading owner of Bitcoin and Crypto under the leadership of Brandon Lottennik, who was appointed as President in February after he became his father, Howard Lootnick, an American commercial secretary.

“The Cantor deal will distinguish the latest in a series of prominent deals where private purposes are used as vehicles to buy Bitcoin, where investors seek to simulate BILIORIRIRIRIIRIIN Evangelist Michael Michael, called the strategy, in storing digital currency,” said Times Financial.

Back, who co -founded Blockstream in 2014 with the support of Khosla Ventures and Baillie Gifford, has also made recent personal investments in Bitcoin companies throughout Europe. This includes stock investment of 5 million euros in the Blockchain Group Group in France and a $ 15 million transfer bonds for Health Tech and Bitcoin Treasury Group H100.