Cantor Fitzgerald's planned acquisition of 30,000 BTC from Blockstream Capital could solidify its role as a key institutional player in the Bitcoin market.
Cantor Fitzgerald is advancing a $4 billion SPAC deal to acquire over 30,000 Bitcoins from Blockstream, with plans to raise an additional $800 million for further investments. This move follows Cantor's establishment of a Bitcoin fund company, Twenty One, aiming to raise $3.9 billion with support from Tether, Bitfinex, and SoftBank.