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From: Free Thinking Doggie
Cantor Fitzgerald Nears $4B Bitcoin Deal Cantor Fitzgerald, the New York financial firm led by 27-year-old Brandon Lutnick, is closing in on a deal that could put it among the world’s largest bitcoin holders, aiming to buy billions of dollars’ worth of the cryptocurrency through a publicly listed shell company. The firm’s special purpose acquisition company, Cantor Equity Partners 1, is in advanced talks with Adam Back, an early cryptographer and founder of Blockstream Capital, to acquire more than $3 billion in bitcoin. Under the proposed arrangement, Back and Blockstream would contribute up to 30,000 bitcoin—worth over $3 billion—in exchange for shares in Cantor Equity Partners 1. The SPAC would also seek to raise as much as $800 million from outside investors to buy more bitcoin, pushing the total deal’s value beyond $4 billion. If completed, the Cantor SPAC would be renamed BSTR Holdings. The talks mark the latest in a series of moves by Cantor Fitzgerald to use blank-check companies to load up on bitcoin. In April, Brandon Lutnick partnered with SoftBank and Tether in a $3.6 billion crypto-buying venture. The firm’s combined crypto acquisitions through BSTR Holdings and a separate entity, Twenty One Capital, could hit nearly $10 billion this year.

Current Thread	Author	Time
Cantor Fitzgerald Nears $4B Bitcoin Deal...[more]	Free Thinking Doggie	12:33:08
>> THese people don't need food or water, they are superhuman and able to live on ... [more]	LP12	17:30:52

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