Cantor Fitzgerald, LP is close to finalizing a $4 billion SPAC deal to acquire billions in bitcoin, marking a significant investment by a Wall Street firm. This deal involves Cantor Equity Partners 1 and Adam Back, who may contribute around 30,000 Bitcoin valued at over $3 billion. To enhance purchases, the vehicle plans to raise an additional $800 million, totaling over $4 billion. With recent bitcoin acquisitions this year, Cantor seeks to solidify its position as a leading institutional buyer under the new leadership of Brandon Lutnick.
Cantor Fitzgerald, LP is nearing a $4 billion SPAC deal aimed at acquiring billions of dollars worth of bitcoin, representing a significant investment in crypto from a Wall Street firm.
The acquisition involves Cantor Equity Partners 1 and Adam Back, who may contribute up to 30,000 Bitcoin valued at over $3 billion to the vehicle.
Cantor Equity Partners 1 plans to raise an additional $800 million to expand bitcoin purchases, with the total deal value exceeding $4 billion.
Under Brandon Lutnick's leadership, Cantor is positioning itself to be a significant institutional buyer of bitcoin and crypto, aiming for nearly $10 billion in acquisitions this year.
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