Cantor Fitzgerald is set to acquire 30,000 BTC from Blockstream in a deal potentially valued at over $4 billion, highlighting its growing role in institutional crypto investments.
Cantor Fitzgerald is in advanced negotiations to acquire 30,000 Bitcoin from Blockstream Capital, with the deal exceeding $4 billion. The SPAC transaction includes raising up to $800 million in external capital for further Bitcoin purchases. This move follows Cantor's earlier Bitcoin fund venture aimed at raising $3.9 billion with support from Tether and SoftBank, positioning it as a significant player in the institutional crypto market.