Cantor Fitzgerald Plans Massive $3.5B Bitcoin Buy

Key Takeaways

• Cantor Fitzgerald is planning a massive Bitcoin acquisition worth $3.5 billion through a SPAC merger with Blockstream Capital.
• The deal involves swapping 30,000 BTC for equity in the new entity BSTR Holdings.
• Additional funding of up to $800 million is expected to raise further capital for Bitcoin purchases.
• This move positions Cantor Fitzgerald as one of the world’s largest institutional Bitcoin buyers.
• The acquisition aligns with a growing trend of institutional investors focusing on Bitcoin accumulation.

Cantor Fitzgerald’s Ambitious Bitcoin Acquisition

Brandon Lutnick, the 27-year-old son of US Commerce Secretary Howard Lutnick and the current chair of Cantor Fitzgerald, is spearheading this significant deal.

Brandon Lutnick Celebrating His Father Howard Lutnick’s Birthday

Source: Brandon Lutnick

As per sources cited by the Financial Times and Bloomberg, Cantor Fitzgerald is nearing the final stages of a transaction to acquire around 30,000 BTC, Bitcoin currently valued at approximately $3.5 billion.

This acquisition is planned through a special purpose acquisition company (SPAC) known as Cantor Equity Partners 1, which raised $200 million in January 2025. The SPAC is set to merge with Blockstream Capital in exchange for Bitcoin assets and equity stakes.

Blockstream Capital’s Role & Bitcoin Swap

Blockstream Capital, founded by Adam Back, is known for its innovative Bitcoin-related ventures and technology. The reported deal involves Blockstream contributing up to 30,000 BTC in exchange for shares in Cantor Equity Partners 1. Post-transaction, this SPAC would be rebranded as BSTR Holdings.

Moreover, Cantor Fitzgerald plans to raise an additional $800 million from outside investors to boost Bitcoin purchases further, pushing the total acquisition amount even higher.

Cantor Fitzgerald’s Expanding Crypto Strategy

Making A Major Play In Bitcoin

If finalized, this deal would elevate Cantor Fitzgerald into the ranks of the top institutional Bitcoin holders globally. Combining its Bitcoin holdings across BSTR Holdings and another vehicle, Twenty One Capital, the firm’s crypto purchases could reach nearly $10 billion in 2025.

This comes after a significant $3.6 billion crypto partnership Cantor Fitzgerald formed earlier this year with SoftBank and Tether to create a dedicated Bitcoin acquisition company.

Leadership & Market Positioning

Brandon Lutnick, who took over as chairperson in February, is aggressively positioning Cantor Fitzgerald to leverage Bitcoin as a core asset. His leadership coincides with his father’s influential role as US Commerce Secretary, signaling a deepening relationship between traditional finance and crypto assets.

Who Is Adam Back & Why Does Blockstream Matter?

Put simply, Adam Back is widely considered to be a legendary figure in Bitcoin’s history.

Source: X (@adam3us)

His pioneering work on Hashcash in 1997 laid the cryptographic foundation that Bitcoin’s pseudonymous creator, Satoshi Nakamoto, later used to build Bitcoin’s PoW (Proof-of-Work) system. Blockstream Capital, under his leadership, has become a key player in Bitcoin technology development and trading.

FAQ

What exactly is Cantor Fitzgerald buying?

Cantor Fitzgerald is acquiring approximately 30,000 Bitcoins from Blockstream Capital through a SPAC merger, worth around $3.5 billion.

How is Cantor Fitzgerald financing this purchase?

The acquisition is facilitated through Cantor Equity Partners 1, a SPAC that raised $200 million, with plans to raise an additional $800 million from external investors.

What is the significance of this deal?

This deal could place Cantor Fitzgerald among the largest institutional Bitcoin holders worldwide, highlighting growing institutional interest in Bitcoin.

Who is Brandon Lutnick?

Brandon Lutnick is the current chair of Cantor Fitzgerald and son of US Commerce Secretary Howard Lutnick. He is leading Cantor’s crypto acquisition strategy.

Why is Adam Back’s Blockstream important?

Blockstream, founded by Adam Back, is instrumental in Bitcoin’s technical infrastructure and trading, making it a significant partner in institutional Bitcoin deals.