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]