š FLASHBACK: The $4B Bitcoin SPAC That Shook Wall Street!
Back in midāJuly 2025, Cantor Fitzgerald's SPAC, Cantor Equity PartnersāÆ1 (soon to be renamed BSTR Holdings), entered lateāstage negotiations to acquire 30,000 BTCāworth over $3āÆbillionāfrom crypto pioneer Adam Back of Blockstream Capital. The deal also included raising $800āÆmillion in additional capital to bring the total value to over $4āÆbillion .
š Why It Mattered:
Massive institutional bet ā a billion-dollar valuation signaling serious Wall Street confidence in Bitcoin .
SPAC meets crypto boom ā a defining moment in the evolution of SPAC-backed crypto treasury firms .
Strategic playbook ā this deal followed a $3.6āÆbillion SPAC venture in April, positioning Cantorās 2025 Bitcoin acquisitions close to $10āÆbillion .
š Takeaway:
This isn't current newsāitās a historical flashpoint: when legacy finance converged with crypto at monumental scale.
#CryptoHistory #Bitcoin #SPAC #CantorFitzgerald #AdamBack #Blockstream #InstitutionalCrypto #BitcoinTreasury
#Flashback $BTC $ETH $XRP