Key Takeaways
- Cantor Fitzgerald is nearing a $3.5 billion bitcoin purchase from Blockstream Capital.
- Blockstream may contribute up to 30,000 BTC in exchange for equity in a new Cantor vehicle, BSTR Holdings.
- Combined with other ventures, Cantor’s bitcoin acquisitions could reach $10 billion in 2025.
Cantor Fitzgerald, the American financial services firm, is reportedly close to acquiring over $3.5 billion worth of bitcoin from Blockstream Capital, according to sources cited by the Financial Times and Bloomberg.
The deal involves Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200 million in January, and Blockstream Capital, founded by bitcoin pioneer Adam Back.
Blockstream to contribute
Blockstream would contribute up to 30,000 bitcoin—currently valued at $3.5 billion—in exchange for shares in the Cantor vehicle, which will be renamed BSTR Holdings.
The agreement also includes a plan to raise up to $800 million in additional capital for further bitcoin acquisitions.
Reports suggest the deal could be finalized this week, though terms may still change.
Cantor Fitzgerald expands
If completed, the transaction would make Cantor Fitzgerald one of the largest bitcoin buyers globally.
Together with its existing bitcoin investment vehicle, Twenty One Capital, Cantor’s combined bitcoin purchases in 2025 could approach $10 billion.
This follows a prior $3.6 billion deal in April involving SoftBank and Tether to create a bitcoin acquisition company.
Brandon Lutnick assumed the chairmanship of Cantor Fitzgerald in February after his father, Howard Lutnick, was confirmed as the U.S. Commerce Secretary.
Trend
The move reflects a growing trend of companies seeking to maximize bitcoin per share, emulating the strategy of firms like MicroStrategy.
Notably, Blockstream’s Adam Back is a key figure in bitcoin’s history, as his Hashcash protocol was foundational to the network’s proof-of-work consensus.
For more on public company bitcoin holdings, see the Twenty One Capital bitcoin treasury tracker and MicroStrategy historical bitcoin holdings.
