Bitcoin News Today: Cantor Fitzgerald to Acquire 30,000 Bitcoins Valued at $3.5 Billion

Cantor Fitzgerald, a leading American financial services firm, is reportedly planning to acquire up to 30,000 Bitcoins valued at over $3.5 billion from Adam Back’s Blockstream Capital, according to sources. This acquisition would position Cantor Fitzgerald as one of the largest institutional holders of Bitcoin globally, highlighting Wall Street's increasing acceptance of the leading cryptocurrency.

The deal involves Cantor Equity Partners 1, a special purpose acquisition company (SPAC) chaired by Brandon Lutnick, the 27-year-old son of U.S. Commerce Secretary Howard Lutnick. The SPAC, which raised $200 million in January, is set to merge with Blockstream Capital, a crypto firm co-founded by Bitcoin pioneer Adam Back. Blockstream would contribute up to 30,000 BTC, currently valued at about $3.5 billion, in exchange for a significant stake in the new entity, which will be renamed BSTR Holdings. Additional reports suggest that Cantor Fitzgerald plans to raise an additional $800 million to further expand its Bitcoin holdings.

If finalized, the deal would bring Cantor’s cumulative Bitcoin holdings across its crypto vehicles—BSTR Holdings and Twenty One Capital—close to $10 billion by year’s end. This strategy aligns with the Bitcoin treasury approach popularized by Michael Saylor, focusing on maximizing BTC per share rather than purely on earnings per share. Earlier this year, Cantor Fitzgerald closed a $3.6 billion crypto acquisition with SoftBank and Tether to fuel its Bitcoin buying ambitions and sealed its first BTC lending deal in May.

Adam Back, whose 1997 Hashcash invention laid the groundwork for Bitcoin’s proof-of-work consensus, continues to play a pivotal role in institutional crypto adoption. The deal would see Blockstream exchanging its BTC reserves for equity, reflecting how legacy cryptography pioneers are partnering with major finance to push Bitcoin deeper into mainstream capital markets.

While final terms are still subject to change, insiders suggest that the transaction could be confirmed as soon as this week. The move underscores a growing trend of Bitcoin-native capital formation as Wall Street titans position themselves for a supply squeeze narrative and long-term store-of-value strategy.