Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports
Brandon Lutnick’s Cantor Fitzgerald is nearing a big Bitcoin acquisition through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.
American financial services firm Cantor Fitzgerald is reportedly planning to acquire more than $3.5 billion worth of Bitcoin from Adam Back’s Blockstream Capital.
Brandon Lutnick, the 27-year-old son of US Commerce Secretary Howard Lutnick, is close to finalizing a deal to purchase Bitcoin (BTC) through his firm Cantor Fitzgerald, according to reports in the Financial Times and Bloomberg on Tuesday that cited people familiar with the matter.
The deal involves Cantor Equity Partners 1, a blank-check special purpose acquisition company (SPAC) that raised $200 million in January, and Blockstream Capital, a crypto trading group founded by Bitcoin pioneer Adam Back.
