According to the Financial Times, the deal is being arranged through Cantor Equity Partners, a SPAC backed by the firm, […]
The post Wall Street Giant Could Acquire Billions in BTC in Landmark Deal appeared first on Coindoo.
According to the Financial Times, the deal is being arranged through Cantor Equity Partners, a SPAC backed by the firm, currently in advanced discussions with Adam Back, CEO of Blockstream and one of Bitcoin’s earliest contributors.
The transaction would represent a significant institutional bet on Bitcoin and follow Cantor’s recent steps into crypto, including financing deals with Maple Finance and FalconX. Cantor Equity Partners raised $200 million in January and is now aiming to solidify its place in the digital asset sector through this high-profile acquisition.
Adam Back, widely respected in the crypto community for his role in developing the Hashcash protocol referenced in Bitcoin’s whitepaper, would be a key counterparty in what could become one of the largest BTC deals to date.
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This strategic move also marks Brandon Lutnick’s emergence as a major figure in the firm’s leadership, following his father’s transition to public office. Earlier this year, Howard Lutnick transferred ownership of Cantor Fitzgerald to his children, with Brandon assuming the chairman role.
If finalized, the deal could redefine Cantor’s future—and signal yet another major shift as traditional finance embraces the crypto economy.
The post Wall Street Giant Could Acquire Billions in BTC in Landmark Deal appeared first on Coindoo.
Source: https://coindoo.com/wall-street-giant-could-acquire-billions-in-btc-in-landmark-deal/
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