Brandon Lootnick, Cantor Fitzgerald’s Board of Directors, is advancing to “Silorestation” with plans to launch a $ 4 billion investment vehicle (BTC).
The deal includes late stage negotiations with Adam Pak, CEO of Blockstream. The initiative will be established through the Cantor Equity Partners 1, a special purpose acquisition company (SPAC).
The main bitcoin acquisition places Cantor in the spotlight
According to the Financial Times, Back is expected to contribute up to 30,000 Bitcoin for Cantor 1 partners. The value of metal currencies is about $ 3.5 billion at current market prices. This empty check company has already collected $ 200 million in cash through an initial public offer (IPO) in January.
The “empty verification” company is a type of companies that have been formed without specific commercial operations or assets. It was created to raise funds from the public in order to obtain or integrate with a current company.
Thus, as part of the deal, the company will be renamed BSTR Holdings. Moreover, Backoin’s contribution will be exchanged for shares in this new entity.
The company will also raise up to $ 800 million in the outdoor capital, which will help to finance more bitcoin purchases. The 4 billion dollar deal has a bstr as a major emerging player in the institutional adoption of Bitcoin.
“The deal can come early this week, the people who warned that the conditions still can be changed. If it was completed in the coming days, this will come during what the Republican lawmakers called” encryption week “while they are contradicting the legislation related to digital currencies.” books.
This initiative follows the former Cantor Fitzgerland project worth $ 3.6 billion in April. The Financial Services Company, through SPAC, has cooperated with SoftBank, Bitfinex and Tether, the source of the largest Stablecoin in the world, to create one capital.
The report added: “The purchases of the Cantor shared between its car, BSTR Holdings and Twenty One Capital, can reach approximately $ 10 billion this year,” the report added.
Meanwhile, Cantor Fitzgerland is not alone in increasing Bitcoin’s exposure. Recently, an increasing number of companies merged Bitcoin into their public budgets, and followed the footsteps of the strategy (formerly Microstrategy).
In fact, Beincrypto previously reported that public companies have continued to overcome the exchange funds on the Stock Exchange (ETFS) in the acquisition of Bitcoin for three consecutive quarters. The institutional interest in Bitcoin also contributed significantly to price pools and guaranteed legitimacy on its site as a value store.
Disintegration
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2025-07-16 05:44:00
