Cantor Fitzgerald-backed SPAC Cantor Equity Partners 1 is in late-stage talks with Blockstream founder Adam Back for a deal valued at over $4.000 billion to acquire over 30,000 Bitcoin and raise up to $800.000 million in additional funding. The deal will be completed as a stock swap, and the company will be renamed BSTR Holdings after the transaction. [Financial Times]

According to the Financial Times, Cantor Equity Partners 1, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of U.S. Secretary of Commerce Howard Lutnick, will acquire 30,000 BTC from Adam Back, founder of Blockstream Capital. The agreement also includes raising up to $800 million in external capital for additional Bitcoin purchases, bringing the total transaction value to over $4 billion. [ChainCatcher]

MAG7.SSI

Wall Street investment bank Cantor Fitzgerald will spend $4.00 billion to acquire 30,000 BTC from Blockstream Capital, accelerating its deployment of crypto assets.

On July 16, the Financial Times, citing two people familiar with the matter, reported that Cantor Equity Partners 1, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of US Secretary of Commerce Howard Lutnick, will acquire 30,000 BTC from Adam Back, founder of Blockstream Capital. The agreement also includes raising up to $800 million in external capital for additional Bitcoin purchases, bringing the total transaction value to over $4 billion. Previously, in April, Cantor Fitzgerald reached an agreement to establish a SPAC-backed Bitcoin fund company called Twenty One, planning to raise $3.9 billion in funding, supported by Tether, Bitfinex, and SoftBank. [BlockBeats]

Cantor Fitzgerald, led by the son of the U.S. Secretary of Commerce, will reach an approximately $4.000 billion Bitcoin acquisition agreement with the founder of Blockstream Capital.

July 16th, The Financial Times reported, citing two sources, that Cantor Equity Partners 1, a SPAC entity led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and under the Wall Street investment bank Cantor Fitzgerald, will acquire 30,000 BTC from Blockstream Capital founder Adam Back. The agreement also includes raising up to $8 billion in external capital for additional Bitcoin purchases, bringing the total value of the transaction to over $4 billion. Prior to this, Cantor Fitzgerald reached an agreement in April to establish a SPAC-backed Bitcoin fund company named Twenty One, planning to raise $3.9 billion in funding backed by Tether, Bitfinex, and SoftBank. [BlockBeats News]

U.S. Commerce Secretary's Son-Led Cantor Fitzgerald to Sign ~$4 Billion Bitcoin Acquisition Deal with Blockstream Capital Founder

On July 16, the Financial Times, citing two people familiar with the matter, reported that Cantor Equity Partners 1, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of US Secretary of Commerce Howard Lutnick, will acquire 30,000 BTC from Adam Back, founder of Blockstream Capital. The agreement also includes raising up to $800 million in external capital for additional Bitcoin purchases, bringing the total transaction value to over $4.000 billion. Previously, in April, Cantor Fitzgerald reached an agreement to establish a SPAC-backed Bitcoin fund company called Twenty One, planning to raise $3.900 billion in funding, supported by Tether, Bitfinex, and SoftBank. [BlockBeats]

Cantor Fitzgerald, led by the son of the US Secretary of Commerce, will reach an approximately $4.000 billion Bitcoin acquisition agreement with the founder of Blockstream Capital

According to a report by the Financial Times of the United Kingdom, citing sources familiar with the matter, Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is close to reaching an agreement to use a company with a Cantor Fitzgerald background to purchase billions of dollars worth of Bitcoin. Cantor Equity Partners 1 is in the final stages of negotiations with Adam Back, founder of cryptocurrency trading group Blockstream Capital, to purchase over $3 billion worth of Bitcoin. The agreement could be reached as early as this week. [Foresight News]

Son of US Commerce Secretary Nears $4 Billion SPAC Deal With Bitcoin Pioneer

Institutional interest in Bitcoin has been growing exponentially recently. While many companies are purchasing BTC, the latest move came from Cantor Fitzgerald, the company run by US Commerce Secretary Howard Lutnick. According to the Financial Times, Howard Lutnick's company Cantor Fitzgerald is in talks with Adam Back and his company Blockstream to purchase approximately $4 billion worth of Bitcoin (BTC). This move is seen as another bold move by Brandon Lutnick, who replaced the company's CEO Howard Lutnick after he was confirmed as the 41st US Secretary of Commerce. Lutnick had previously signed a $3.6 billion Bitcoin deal with SoftBank and Tether in April. According to the FT, citing two unnamed sources, Cantor Fitzgerald-backed Cantor Equity Partners is in final-stage talks with Back to purchase $3 billion to $4 billion worth of BTC. Under the agreement, Cantor will receive Bitcoin from Adam Back. In exchange for Back's Bitcoin contribution, Back and Blockstream will each receive a stake in the SPAC. Cantor Equity Partners is a special purpose acquisition company (SPAC) that raised $200 million in its initial public offering in January. Although the deal has reportedly not been finalized yet, it could be finalized this week. *This is not investment advice. [Financial Times]

US Commerce Secretary's Company Cantor Fitzgerald Prepares for Historic $4 Billion Bitcoin Move!

On July 16, according to the Financial Times, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald is in late-stage talks with Adam Back, a developer cited in the Bitcoin whitepaper, to purchase $30-40 billion worth of Bitcoin. This deal would follow Cantor's first Bitcoin financing deal with Maple Finance and FalconX completed on May 27. It is worth noting that Brandon Lutnick, the current chairman of Cantor Fitzgerald, is the son of U.S. Secretary of Commerce Howard Lutnick, who has publicly supported Bitcoin. [TechFlow]

Cantor Fitzgerald SPAC to Reach $4 Billion Bitcoin Deal with Adam Back

Cantor Equity Partners 1, led by Howard Lutnick's son, is in talks to acquire nearly $4 billion in crypto, including 30,000 BTC from Blockstream Capital's Adam Back. The deal may also involve raising $800 million for more Bitcoin purchases, following Cantor Fitzgerald's SPAC-backed Bitcoin treasury firm creation in April.

Cantor Fitzgerald in Discussions to Acquire $4B in Crypto, Including 30,000 Bitcoin

On July 16, according to the Financial Times, Cantor Fitzgerald is in late-stage negotiations with Adam Back, an early Bitcoin supporter and founder of Blockstream Capital, on a Bitcoin acquisition deal totaling more than $4 billion. The deal involves Cantor's SPAC company Cantor Equity Partners 1, which plans to acquire more than 30,000 Bitcoins and plans to further increase its holdings of digital currencies through external financing. [PANews]

Cantor Fitzgerald plans to reach a SPAC deal worth more than $4 billion with Bitcoin pioneer

U.S. brokerage Cantor Fitzgerald is nearing a roughly $4.00 billion SPAC deal with Bitcoin pioneer Adam Back. The deal will involve Cantor's blank-check company, Cantor Equity Partners 1 (to be renamed BSTR Holdings), purchasing over 30,000 Bitcoins (worth over $3.00 billion) and raising an additional $800.00 million to expand digital asset purchases, with Back receiving shares in the company. This collaboration comes as the U.S. Congress is holding a "crypto week" to review related legislation. [Odaily Planet Daily News]

Cantor Fitzgerald Nears $4 Billion SPAC Deal with Bitcoin Pioneer Adam Back

On July 16 (UTC+8), Cantor Equity Partners, a SPAC (Special Purpose Acquisition Company) under the American financial giant Cantor Fitzgerald, is in the final stages of negotiations with Bitcoin early pioneer and Blockstream CEO Adam Back on a Bitcoin acquisition deal worth $3.0 billion to $4.0 billion. If the deal is reached, it will be another major move in the digital asset field for Cantor, following its first Bitcoin financing with Maple Finance and FalconX in May. (Source: The Block) [Meta Era]

Financial Giant Cantor Fitzgerald to Reach $4.00 Billion Bitcoin Deal with Adam Back

Cantor Fitzgerald Plans to Reach Over $4 Billion Bitcoin Acquisition Deal with Blockstream

<img>Wall Street giant Cantor Fitzgerald is reportedly in the final stages of a landmark deal involving its special purpose acquisition company (SPAC), Cantor Equity Partners 1, and renowned Bitcoin pioneer Adam Back, co-founder and CEO of Blockstream. The transaction is poised to be one of the largest institutional Bitcoin acquisitions ...
The post <a href="https://unchainedcrypto.com/cantor-fitzgerald-spac-nears-4-billion-bitcoin-deal-with-adam-back-report/">Cantor Fitzgerald SPAC Nears $4 Billion Bitcoin Deal With Adam Back: Report</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.

Cantor Fitzgerald SPAC Nears $4 Billion Bitcoin Deal With Adam Back: Report

Brandon Lutnick's Cantor Fitzgerald is nearing a big Bitcoin acquisition through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.

Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports

Cantor Fitzgerald's aggressive Bitcoin acquisition could significantly influence institutional crypto adoption and market dynamics globally.

The post Cantor Fitzgerald nears $4B Bitcoin deal with Blockstream’s Adam Back appeared first on Crypto Briefing.

Cantor Fitzgerald nears $4B Bitcoin deal with Blockstream’s Adam Back

由Cantor Fitzgerald支持的SPAC Cantor Equity Partners 1正与Blockstream创始人Adam Back进行后期谈判，拟以超过40亿美元的估值达成一项交易，收购超过3万个Bitcoin，并筹集高达8亿美元的额外资金。该交易将以股票交换的方式完成，交易完成后公司将更名为BSTR Holdings。[Financial Times]

Cantor Fitzgerald计划与Blockstream达成超过40亿美元的比特币收购协议

由Cantor Fitzgerald支持的SPAC Cantor Equity Partners 1正與Blockstream創始人Adam Back進行後期談判，擬以超過40億美元的估值達成一項交易，收購超過3萬個Bitcoin，並籌集高達8億美元的額外資金。該交易將以股票交換的方式完成，交易完成後公司將更名爲BSTR Holdings。[Financial Times]