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

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]