Bitcoin News Today: Cantor Fitzgerald to Acquire $4 Billion in Bitcoin Through Blockstream Deal

Cantor Fitzgerald, a prominent financial services firm based in New York, is on the verge of finalizing a significant $4 billion Bitcoin deal. This ambitious plan, spearheaded by Cantor Equity Partners 1, involves the acquisition of 30,000 Bitcoin from Blockstream founder Adam Back, with an additional $800 million to be raised for further purchases. This deal stands out due to its scale and strategic approach, as Cantor is directly accumulating Bitcoin through a public structure, marking a bold shift in institutional crypto adoption under its new leadership.

This move positions Cantor at the forefront of institutional Bitcoin adoption, signaling a major shift in how companies view digital assets for their treasuries. Wall Street is entering a new phase where Bitcoin is no longer just a hedge but a core corporate asset. Blockstream’s in-kind contribution to the soon-to-be-renamed BSTR Holdings reflects a deeper integration of crypto into traditional finance, as public firms treat Bitcoin as a long-term foundation for their business models.

In this deal, Cantor Fitzgerald will receive a substantial amount of Bitcoin from Blockstream and, in return, will provide them with shares through its SPAC, Cantor Equity Partners 1. The total value of this exchange is estimated to be over $3 billion, with Bitcoin being traded directly for ownership in the company instead of money. Once the deal is complete, the SPAC will be renamed BSTR Holdings. With plans to raise another $800 million from outside investors, the total investment could exceed $4 billion. This structure demonstrates a strong belief in Bitcoin’s future and a smart use of financial tools to grow digital asset holdings.

This transaction closely follows the Bitcoin reserve strategy used by firms like MicroStrategy, where companies use balance sheet leverage and financial tools to buy large amounts of Bitcoin. Institutional strategist Rachel Kim noted, “Cantor Fitzgerald is using a smart strategy by choosing a public SPAC to collect Bitcoin instead of buying it directly from the market. It’s a careful and planned move that shows they see Bitcoin as an important part of company reserves.” More companies are now turning to these strategies as they look for alternatives to fiat-heavy reserves, particularly during times of inflation. By making Bitcoin a key part of its investment plan, Cantor is making it clear that it wants to lead the way, not just keep up.

Brandon Lutnick, who became chairman of Cantor Fitzgerald earlier this year, is leading this major move. Under his direction, the firm has already completed a similar $3.6 billion Bitcoin deal with SoftBank and Tether through another SPAC called Twenty One Capital. As part of the deal, Cantor will work alongside Adam Back, a well-known figure in the Bitcoin world. He is known for creating Hashcash and being mentioned in the original Bitcoin white paper by Satoshi Nakamoto. Adam Back has recently invested in Bitcoin-focused companies in Europe and Asia, which shows his strong support for bringing big investors into the crypto space. His partnership with Cantor has further strengthened the deal and shows his intent to make Bitcoin a major part of the global financial system.

Cantor Fitzgerald’s two SPACs together could hold more than $10 billion in Bitcoin by the end of the year. This would make the firm one of the largest institutional holders of Bitcoin, ranking just behind ETF trusts and MicroStrategy worldwide. This trend goes beyond just company finances. As more companies follow this path, Bitcoin might become more stable, have less volatility, and have better trading volume. For investors and regulators, this shows that Bitcoin is growing and becoming more mature. Crypto analyst Victor Reyes said the focus is no longer on hype. Instead, it’s about smart financial planning. He pointed out that Cantor Fitzgerald is setting a new direction for Bitcoin corporate holdings, showing real commitment and a long-term vision.

Based on the latest research, Cantor Fitzgerald is changing how big companies invest in Bitcoin. By working with Adam Back and using a SPAC model, it’s strengthening its place in the crypto world and helping shape the future of Bitcoin corporate holdings. Cantor plans to hold up to $10 billion in Bitcoin, showing it’s fully committed to crypto. The Bitcoin reserve strategy is no longer just an idea; it has become a reality, and Cantor is leading the way.