Cantor Fitzgerald, led by the son of the U.S. Secretary of Commerce, will reach an approximately $4.000 billion Bitcoin acquisition agreement with the founder of Blockstream Capital.
On July 16, the Financial Times, citing two people familiar with the matter, reported that Cantor Equity Partners 1, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of US Secretary of Commerce Howard Lutnick, will acquire 30,000 $BTC from Adam Back, founder of Blockstream Capital. The agreement also includes raising up to $800 million in external capital for additional Bitcoin purchases, bringing the total transaction value to over $4 billion.
Previously, in April, Cantor Fitzgerald reached an agreement to establish a SPAC-backed Bitcoin fund company called Twenty One, planning to raise $3.9 billion in funding, supported by Tether, Bitfinex, and SoftBank.
[BlockBeats]
Cantor Fitzgerald, led by the son of the U.S. Secretary of Commerce, will reach an approximately $4.000 billion Bitcoin acquisition agreement with the founder of Blockstream Capital.
On July 16, the Financial Times, citing two people familiar with the matter, reported that Cantor Equity Partners 1, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of US Secretary of Commerce Howard Lutnick, will acquire 30,000 BTC from Adam Back, founder of Blockstream Capital. The agreement also includes raising up to $800 million in external capital for additional Bitcoin purchases, bringing the total transaction value to over $4 billion.
Previously, in April, Cantor Fitzgerald reached an agreement to establish a SPAC-backed Bitcoin fund company called Twenty One, planning to raise $3.9 billion in funding, supported by Tether, Bitfinex, and SoftBank.
[BlockBeats]
