Cantor Fitzgerald is close to reaching a $4 billion SPAC deal with Bitcoin pioneer Adam Back.

U.S. brokerage Cantor Fitzgerald is nearing a SPAC deal worth approximately $4 billion with Bitcoin pioneer Adam Back. The deal will purchase over 30,000 Bitcoins (worth more than $3 billion) through Cantor's blank check company Cantor Equity Partners 1 (which will be renamed BSTR Holdings) and raise an additional $800 million to expand digital asset purchases, with Back acquiring shares in the company. This collaboration comes as the U.S. Congress is reviewing related legislation during "Crypto Week."

BTC-1.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)