$BTC

Here’s the latest on this high-profile Bitcoin acquisition:

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🚀 Cantor Equity Partners Nears Multi‑Billion Dollar Bitcoin Deal

Cantor Equity Partners I (a SPAC launched by Cantor Fitzgerald) is in late-stage negotiations to acquire 30,000 BTC—currently worth over $3 billion—from early Bitcoin proponent Adam Back and his firm Blockstream Capital .

In exchange, Back and Blockstream would receive equity in the SPAC, which will be renamed BSTR Holdings upon completion .

The SPAC initially raised $200 million in its January IPO and plans to raise an additional $800 million in external funding, bringing the total deal value to approximately **$4 billion+** .

If finalized, this follows Cantor’s earlier $3.6 billion Bitcoin deal via Twenty One Capital earlier this year—meaning combined acquisitions may approach $10 billion in BTC by year-end .

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Why It Matters

1. Wall Street’s BTC leap

Cantor’s move signals a shift in institutional adoption—creating Bitcoin-focused public companies structured entirely around BTC holdings .

2. Adam Back’s strategic footprint

Beyond this deal, Back has invested in multiple “Bitcoin-native” public ventures, including The Blockchain Group (France) and H100 (Sweden), demonstrating a broader push to integrate BTC into corporate balance sheets .

3. SPAC-driven BTC accumulation

These transactions follow Michael Saylor’s playbook at MicroStrategy, leveraging equity vehicles to bulk-buy BTC—marking a growing trend in modern corporate strategies .

🗓 Timeline & Next Steps

Deal could close within days, potentially during the ongoing “crypto week” in Washington as U.S. lawmakers focus on digital asset regulation .

Following closing, the vehicle will trade under the new ticker name BSTR Holdings.

Bottom Line

Cantor Fitzgerald’s SPAC is on track to become one of the world’s largest publicly traded Bitcoin treasury holders. This deal marks a meaningful step toward financial institutions and public companies fully embedding Bitcoin into their core business models.