Cantor Fitzgerald Nears $4B Bitcoin Acquisition

Cantor Fitzgerald, through its SPAC Cantor Equity Partners 1, is in late-stage talks to acquire up to $4 billion in Bitcoin from Blockstream Capital, led by Bitcoin pioneer Adam Back. Blockstream would contribute approximately 30,000 BTC in exchange for equity in the newly renamed public entity, BSTR Holdings, upon deal completion. Cantor is seeking up to $800 million in additional outside capital to further expand its Bitcoin holdings, potentially positioning the firm among the world's largest corporate Bitcoin treasuries. This transaction reflects the growing trend of public companies structuring around direct Bitcoin accumulation, similar to MicroStrategy's approach. The anticipated deal highlights the increasing institutional adoption of Bitcoin and the rise of Bitcoin-native public firms. Final transaction terms are expected to be announced soon.