On July 16, the Financial Times disclosed that Cantor Equity Partners 1, a SPAC affiliated with Cantor Fitzgerald and led by Brandon Lutnick, is set to acquire 30,000 BTC from Adam Back, the founder of Blockstream Capital. This strategic transaction is part of a broader capital raise targeting up to $800 million to facilitate additional Bitcoin acquisitions, pushing the deal’s valuation beyond $4 billion. This move underscores growing institutional interest in cryptocurrency assets within traditional finance sectors.
Earlier in April, Cantor Fitzgerald announced the formation of a SPAC-backed Bitcoin fund named Twenty One, aiming to raise approximately $3.9 billion. The initiative has garnered backing from prominent entities including Tether, Bitfinex, and SoftBank, signaling robust support from established players in the crypto and financial markets. This development highlights the increasing integration of digital assets into mainstream investment portfolios.