Bitcoin News Today: Cantor Fitzgerald Acquires 30,000 Bitcoin in $4 Billion Deal

Cantor Equity Partners, a special-purpose acquisition company (SPAC) under Cantor Fitzgerald, has agreed to acquire 30,000 Bitcoin from Blockstream's Adam Back. This transaction, valued at over $4 billion, includes the potential raising of up to $800 million in external capital to further acquire Bitcoin. The deal underscores a significant shift in institutional investment towards Bitcoin, with Cantor Fitzgerald's leadership under Brandon Lutnick demonstrating a strong financial commitment to digital assets.

This acquisition is part of a broader initiative by Cantor Fitzgerald to become one of the most active institutional buyers of Bitcoin globally. The planned entity, to be renamed BSTR Holdings, aims to expand beyond simply holding Bitcoin and may offer advisory, asset management, and financial services. Blockstream CEO Adam Back, a key figure in Bitcoin’s early development, is set to be the public face of the company. Back is known for his work on the Hashcash algorithm, which was cited in the original Bitcoin whitepaper.

The initiative is being led by Brandon Lutnick, who took over as Cantor Fitzgerald chairman earlier this year. The firm is aligning itself with the current administration’s more crypto-friendly stance by leveraging public vehicles to increase direct exposure to Bitcoin. Cantor’s approach focuses on maximizing Bitcoin per share, drawing comparisons to Michael Saylor’s playbook at Strategy. The firm aims to use SPACs and hybrid financial products to gain Bitcoin exposure while targeting traditional market investors.

This acquisition marks Cantor Fitzgerald’s second major Bitcoin venture in 2025. In April, it partnered with Tether, Bitfinex, and SoftBank to form Twenty One Capital, a publicly traded vehicle seeded with $3 billion in Bitcoin. That project also included a $350 million convertible bond and a $200 million private equity round for additional purchases. The month before, Cantor had announced a $2 billion Bitcoin financing initiative, with Anchorage Digital and Copper.co acting as custodians and collateral managers.

The deal is close to finality and could be signed by the end of this week, although terms are still subject to change. There are also plans to raise additional capital of up to $800 million, pushing the total value of the transaction above $4 billion. This strategic move by Cantor Fitzgerald signals a significant shift in corporate treasury management through Bitcoin, highlighting the growing institutional interest in the cryptocurrency.

The purchase of 30,000 BTC would equate to a substantial 15.09% of Bitcoin's current circulating supply. Such large-scale acquisitions underscore the increasing trend of institutional investment in cryptocurrencies. The Coincu research team notes that this acquisition aligns with increasing institutional interest in blockchain assets. Regulatory outcomes may include more structured guidelines on large Bitcoin transactions, while technological advancements could emerge from private sector involvement, driving innovation in cryptocurrency platforms.