Cantor Fitzgerald SPAC negotiates $4 billion Bitcoin deal with Adam Back of Blockstream

A fund backed by Cantor Fitzgerald is in the final stages of negotiating to acquire nearly $4 billion in cryptocurrency. This deal will help Cantor Equity Partners 1 receive about 30,000 $BTC from Adam Back, the founder of Blockstream Capital, and raise an additional $800 million in external capital to purchase more Bitcoin, bringing the total transaction value to over $4 billion.

Bitcoin expansion strategy and SPAC trend

This potential agreement comes after a previous deal by Cantor Fitzgerald in April to establish a Bitcoin treasury company backed by SPAC, named #TwentyOne , with a capital source of $3.9 billion from Tether, Bitfinex, and SoftBank.

Negotiations are taking place against the backdrop of an increasing number of crypto investors turning to use #SPAC or reverse mergers to list crypto-related projects, supported by the administration of President Donald Trump. Companies like Nakamoto Holdings and ProCap Financial have also raised hundreds of millions of dollars to list their Bitcoin funds. Currently, there are more than 142 public companies holding Bitcoin, with a total value of $112 billion, indicating a growing trend of accumulating BTC on balance sheets. #anhbacong