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

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]