Cantor Fitzgerald is reportedly close to finalizing a $3 billion Bitcoin acquisition from Blockstream, positioning itself as a major institutional player in the crypto market.
Cantor Fitzgerald is reportedly in talks to acquire over $3 billion in Bitcoin from Blockstream through its SPAC, Cantor Equity Partners 1. The deal involves the exchange of up to 30,000 Bitcoin, with plans to raise an additional $800 million, potentially making Cantor one of the largest institutional buyers of Bitcoin. The transaction could be finalized soon, with a focus on expanding the planned entity, BSTR Holdings, beyond just holding Bitcoin.