Cantor Fitzgerald close to $4 billion SPAC deal with Bitcoin pioneer Adam Back
2025-07-15 21:38:42
US brokerage Cantor Fitzgerald is closing in on a $4 billion SPAC deal with bitcoin pioneer Adam Back. The deal will buy more than 30,000 bitcoins (worth more than $3 billion) through Cantor Equity Partners 1 (to be renamed BSTR Holdings), Cantor's blank check company, and raise an additional $800 million to expand the digital asset purchase, with Back taking a stake in the company. The partnership comes as the US Congress considers relevant legislation during "Crypto Week".
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