24/7 Cryptocurrency News

Cantor Fitzgerald To Partner With Adam Back On $4B Deal To Buy Bitcoin

Published by

Cantor Fitzgerald has its sights on a major deal to acquire a cache of Bitcoins from Adam Back’s Blockstream Capital. If the deal sails through, Cantor’s Bitcoin purchases via its SPAC in 2025 can reach $10 billion amid rumours of an incoming name change.

Advertisement

Cantor Fitzgerald To Close Major Bitcoin Deal With Adam Back

According to a Financial Times report, Cantor Equity Partners 1 is inching toward a deal to scoop as much as 30,000 BTC from early Bitcoin supporter Adam Back. Per the report, the Cantor Fitzgerald SPAC is in late-stage talks with Adam Back to acquire over $3 billion worth of Bitcoin owned by BlockStream Capital.

Quoting unnamed sources, the FT report claims that Adam Back and BlockStream Capital will receive shares in Cantor Equity Partners 1 following the sale. As part of the deal, Cantor Equity Partners 1 will change its name to BSTR Holdings with plans to raise an additional $800 million that will bring the valuation north of $4 billion to pursue a Bitcoin accumulation strategy.

Sources are tipping the deal to be wrapped up as early as this week, coinciding with the US House of Representatives’ Crypto Week. However, there is the possibility of the final deal reflecting different terms.

The deal closely mirrors a $3.6B partnership launched between Cantor Fitzgerald, Softbank, and Tether in April. A Twenty One Capital public listing is now on the horizon after steadily increasing its Bitcoin holdings.

Advertisement

Adam Back Is Spearheading Bitcoin Treasuries

The early Bitcoin supporter has a streak of supporting companies stacking up the top cryptocurrency on their balance sheet. Before the discussions with Cantor Fitzgerald’s SPAC, Back invested in The Blockchain Group and H100 Group, companies with significant Bitcoin holdings.

Meanwhile, Bitcoin treasury companies have exploded in popularity since the start of the year. Strategy reached 600K BTC after an aggressive accumulation streak while Metaplanet continues to add the top cryptocurrency to its balance sheet.

Last week, treasury companies added $554M worth of BTC to their balance sheets as the arms race heats up. Amid the accumulation spree, Bitcoin has set new ATHs, climbing as high as $123,091 in defiance of macroeconomic uncertainty and low odds of a Fed rate cut.

Advertisement

Share
Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Published by

Recent Posts

  • 24/7 Cryptocurrency News

U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price…

October 10, 2025
  • 24/7 Cryptocurrency News

Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies

A group of major world banks is working on a new stablecoin tied to G7…

October 10, 2025
  • Bitcoin News

Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China

U.S. President Donald Trump sparked panic in the crypto market after threatening to massively increase…

October 10, 2025
  • Bitcoin News

Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients

Morgan Stanley, which manages $8 trillion in assets under management (AuM), plans to allow all…

October 10, 2025
  • 24/7 Cryptocurrency News

Bitget Strengthens On-Chain Rewards Push With Early Hunter Airdrop Launch

Bitget has launched the fourth phase of its Early Hunter Airdrop, featuring BinanceLife (币安人生) and…

October 10, 2025
  • 24/7 Cryptocurrency News

Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace

Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he…

October 10, 2025