Cantor Fitzgerarald 3.5 billion dollars from Blockstream plans star-news.press/wp

The American Financial Services Company Cantor Fitzgerald is said to plan to gain more than $ 3.5 billion from Bitcoin from the capital of Adam Pak.

Brandon Lootnick, 27 -year -old son, Howard Lottenic, 27 -year -old son, is about to finish a bitcoin purchase deal (BTC) through his company Cantor Fitzgerald, According to to Reports in the times of the Financial Times and Bloomberg on Tuesday, which were cited people familiar with this issue.

The Cantor Equity Partners 1, an empty special purpose acquisition company (SPAC) that raised $ 200 million in January, and Blockstream Capital, is a commercial encryption group founded by Bitcoin Adam Back.

Blockstream 30,000 BTC can exchange for Cantor’s share

Blockstream is said to contribute to up to 30,000 Bitcoin, at a value of $ 3.5 billion currently, for stocks in the Cantor vehicle, which will be renamed BSTR Holdings.

The deal also includes plans to raise up to $ 800 million in additional capital for further bitcoin purchases.

The Financial Times reported that the deal can come early this week, but its conditions can still change.

Canor diving in Bitcoin

If completed, the deal will make Cantor one of the best bitcoin buyers in the world, and the common encryption between its car, BSTR Holdings and Twenty One Capital, can reach approximately $ 10 billion this year.

The latest news follows a previous encryption deal worth $ 3.6 billion in Cantor Fitzgerald with Softbank and Tether in April to create Bitcoin Acquisition.

Brandon Lootnick became the head of the Finance Company in February after his father’s assertion as Trump’s commercial official.

The emerging counterfeit strategy

This step is part of a wider direction to form the Bitcoin original capital, as companies are strategic about BTC’s maximization per share instead of just arrow profits.

Related to: Miga Fund, Falconx Secure, supported by Bitcoin, from Cantor Fitzgerrald

Twenty One Capital has aimed at simulating Michael Celor’s strategy, which has accumulated $ 70 billion from Bitcoin since 2020. Cantor has closed the first Bitcoin lending in May.

Back is a prominent figure in the history of Bitcoin, where his work was cited in Hashcash Cryptographic by the continuous creator in Bitcoin, Satoshi Nakamoto, and has become a basis for the consensus of the Bitcoin work.

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