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Cantor Fitzgerald’s SPAC is in advanced talks to acquire over $3 billion in Bitcoin from Blockstream’s Adam Back, potentially exceeding $4 billion. The deal would involve issuing new shares in exchange for up to 30,000 BTC, with plans to raise additional capital for further purchases. Upon completion, the entity will be renamed BSTR Holdings.
- Cantor Fitzgerald’s SPAC is negotiating a $4B+ Bitcoin acquisition from Blockstream’s Adam Back, involving 30,000 BTC.
- The deal mirrors Cantor’s earlier $3.6B Bitcoin venture and could position it as a top institutional BTC buyer.
- The transaction aligns with deregulatory crypto trends and requires SEC approval, with an announcement expected during 'Crypto Week.'
📎 Related coverage from: cryptoslate.com