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

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]