Cantor Fitzgerald plans to buy 30,000 Bitcoin from Blockstream Capital through a special purpose acquisition company.
The SPAC will be renamed BSTR Holdings after the deal and aims to raise 800 million for more Bitcoin purchases.
Bitcoin treasury holdings continue to grow as firms race to secure assets despite economic uncertainty and rate concerns.
Cantor Fitzgerald is close to finalizing a major Bitcoin acquisition from Blockstream Capital. The deal involves Cantor Equity Partners 1, a SPAC formed in January. Sources say the SPAC plans to acquire 30,000 BTC valued at over $3 billion. The assets are currently held by Adam Back, an early Bitcoin supporter and founder of Blockstream Capital.
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According to reports, Back and Blockstream will receive newly issued shares in exchange for Bitcoin. Cantor Equity Partners 1 will also change its name to BSTR Holdings after the deal closes. This strategic renaming aligns with a broader crypto accumulation strategy under development.
Name Change and Fresh Capital Push
Following the name change, BSTR Holdings aims to raise an additional $800 million. This will raise the firm’s valuation to over $4 billion. The capital will be used to buy more Bitcoin in the second half of 2025. This move would mirror Cantor Fitzgerald’s earlier $3.6 billion Bitcoin deal involving SoftBank and Tether.
The deal is expected to close soon, potentially during Crypto Week in the U.S. House of Representatives. However, final terms could still shift. Market watchers are monitoring closely due to the large scale of the transaction.
Cantor Fitzgerald’s Growing Bitcoin Strategy
Cantor’s interest in crypto has increased under Chairman Brandon Lutnick. He took the role after his father, Howard Lutnick, joined the Trump administration. The company’s Bitcoin strategy now includes SPACs like BSTR Holdings and Twenty One Capital.
Combined, the two firms could accumulate up to $10 billion in Bitcoin by year’s end. This aggressive approach reflects the firm’s confidence in Bitcoin’s long-term potential. It also signals growing institutional appetite for crypto assets in a shifting financial landscape.
Wider Trend in Bitcoin Treasuries
Blockstream Capital has backed several firms with strong Bitcoin holdings. Adam Back recently funded H100 Group with a $15 million bond to increase their crypto reserves. He also invested in The Blockchain Group, reinforcing his support for Bitcoin treasury models.
Bitcoin treasury firms have been expanding rapidly since January. Over $554 million in Bitcoin was added to corporate reserves last week alone. Strategy now holds over 600,000 BTC, while Metaplanet continues its steady accumulation.
Bitcoin prices recently hit $123,091 despite macroeconomic uncertainty and low chances of a Federal Reserve rate cut. As the arms race intensifies, more firms are exploring SPAC mergers to bring their Bitcoin strategies to public markets.
