Cantor & Adam Back plan $4B bitcoin acquisition – 30,000 BTC to be injected into SPAC structure.
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Blockstream to Сontribute 30,000 BTC, Cantor to Кaise $800M More
The deal envisions that Blockstream and Adam Back personally will contribute up to 30,000 BTC, estimated at around $3B, to Cantor Equity Partners 1, a SPAC entity that previously raised $200 million in January. In addition to Bitcoin, the structure aims to raise up to $800M from external investors, bringing the total transaction value to over $4B. Once finalized, the entity will be renamed BSTR Holdings, with Blockstream Capital receiving equity in the new company. As a result, the transaction involving Cantor Fitzgerald could become one of the largest crypto asset acquisitions ever made by a Wall Street investment firm.
According to the FT, the negotiations are in their final stages, and a conclusion may be reached as early as this week. However, the source emphasized that the final terms could still change. Furthermore, the deal is unfolding against the backdrop of “crypto week” – a period in which the U.S. Congress is reviewing major crypto-related bills such as the CLARITY and GENIUS Acts.
It is also notable that this is Cantor’s second major deal in the digital asset space this year. In April, the company participated in a $3.6 billion agreement with SoftBank and Tether. Taking the current deal into account, Cantor’s total crypto portfolio could reach approximately $10 billion in 2025.
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Conclusion
If completed, this deal may signal a Bitcoin-focused strategy and alignment with the success metrics of firms like Strategy. The size of the transaction could significantly influence Bitcoin’s price — likely in a positive direction. It can be said that, with a sound execution strategy, the broader market may benefit from this development, and we will continue to monitor it closely.
