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.

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]