Cantor Fitzgerald, a New York-based financial services giant, is closing in on finalizing a $4 billion Bitcoin deal. The plan, led by Cantor Equity Partners 1, involves buying 30,000 Bitcoin from Blockstream founder Adam Back and raising another $800 million to purchase even more.
What sets this deal apart is its scale and strategy. Instead of small treasury allocations, Cantor is directly accumulating Bitcoin through a public structure, signaling a bold shift in institutional crypto adoption under its new leadership.
This positions Cantor at the forefront of institutional Bitcoin adoption and shows a major shift in how companies view digital assets for their treasuries. Wall Street is entering a new phase where Bitcoin is no longer just a hedge, but a core corporate asset.
Blockstream’s in-kind contribution to the soon-to-be-renamed BSTR Holdings reflects a deeper integration of crypto into traditional finance, as public firms treat Bitcoin as a long-term foundation for their business models.
What Does the Structure of the Deal Reveal About Cantor Fitzgerald’s Intentions?
In this deal, Cantor Fitzgerald will receive a large amount of Bitcoin from Blockstream and, in return, will give them shares through its SPAC, Cantor Equity Partners 1. The total value of this exchange is estimated to be over $3 billion, with Bitcoin being traded directly for ownership in the company instead of money.

Once the deal is complete, the SPAC will be renamed BSTR Holdings. With plans to raise another $800 million from outside investors, the total investment could go beyond $4 billion. This structure shows strong belief in Bitcoin’s future and a smart use of financial tools to grow digital asset holdings.
How Does This Reflect a New Corporate Bitcoin Reserve Strategy?
This transaction closely follows the Bitcoin reserve strategy used by firms like MicroStrategy, where companies use balance sheet leverage and financial tools to buy large amounts of Bitcoin.
Institutional strategist Rachel Kim said, “Cantor Fitzgerald is using a smart strategy by choosing a public SPAC to collect Bitcoin instead of buying it directly from the market. It’s a careful and planned move that shows they see Bitcoin as an important part of company reserves.”
More companies are now turning to these strategies as they look for alternatives to fiat-heavy reserves, particularly during times of inflation. By making Bitcoin a key part of its investment plan, Cantor is making it clear that it wants to lead the way, not just keep up.
Asset | Details |
Deal Value | $4 billion+ |
SPAC Name | Cantor Equity Partners 1 |
Bitcoin Involved | Up to 30,000 BTC |
Additional Capital Raised | Up to $800 million |
Blockstream’s Role | Contributing BTC, receiving equity |
Cantor Leadership | Brandon Lutnick (Chairman) |
Status | Final stages of negotiation |
Who Are the Key Players Behind This Institutional Shift?
Brandon Lutnick, who became chairman of Cantor Fitzgerald earlier this year, is leading this major move. Under his direction, the firm has already completed a similar $3.6 billion Bitcoin deal with SoftBank and Tether through another SPAC called Twenty One Capital.
As part of the deal, Cantor will work alongside Adam Back, a well-known name in the Bitcoin world. He is known for creating Hashcash and being mentioned in the original Bitcoin white paper by Satoshi Nakamoto.
Adam Back has recently invested in Bitcoin-focused companies in Europe and Asia, which shows his strong support for bringing big investors into the crypto space. His partnership with Cantor has further strengthened the deal and shows his intent to make Bitcoin a major part of the global financial system.
Why Is This a Critical Moment for Bitcoin Corporate Holdings?
Cantor Fitzgerald’s two SPACs together could hold more than $10 billion in Bitcoin by the end of the year. This would make the firm one of the largest institutional holders of Bitcoin, ranking just behind ETF trusts and MicroStrategy worldwide.

This trend goes beyond just company finances. As more companies follow this path, Bitcoin might become more stable, have less volatility, and have better trading volume. For investors and regulators, this shows that Bitcoin is growing and becoming more mature.
Crypto analyst Victor Reyes said the focus is no longer on hype. Instead, it’s about smart financial planning. He pointed out that Cantor Fitzgerald is setting a new direction for Bitcoin corporate holdings, showing real commitment and a long-term vision.
Conclusion
Based on the latest research, Cantor Fitzgerald is changing how big companies invest in Bitcoin. By working with Adam Back and using a SPAC model, it’s strengthening its place in the crypto world and helping shape the future of Bitcoin corporate holdings.
Cantor plans to hold up to $10 billion in Bitcoin, showing it’s fully committed to crypto. The Bitcoin reserve strategy is no longer just an idea; it has become a reality, and Cantor is leading the way.
Summary
Cantor Fitzgerald is nearing the completion of a $4 billion Bitcoin deal through its SPAC, Cantor Equity Partners 1. The firm plans to acquire 30,000 BTC from Blockstream’s Adam Back and raise another $800 million. After the deal, the SPAC will be renamed BSTR Holdings.
This move positions Cantor Fitzgerald among the largest institutional holders of Bitcoin, reflecting a growing trend of corporate Bitcoin reserve strategy and marking a significant shift in Bitcoin corporate holdings worldwide.
FAQs
1. How big is the Bitcoin deal that Cantor is finalizing?
$4 billion.
2. How many Bitcoins will Blockstream contribute?
Up to 30,000 BTC.
3. Who is leading the deal at Cantor Fitzgerald?
Brandon Lutnick.
4. What role does Adam Back play in the deal?
He’s contributing Bitcoin and receiving equity in return.
5. What strategy is Cantor using to acquire Bitcoin?
A SPAC-based equity-for-Bitcoin swap.
6. Is this Cantor’s first major Bitcoin deal?
No, they previously partnered with SoftBank and Tether.
Glossary
Cantor Fitzgerald – Institutional investor entering crypto with aggressive Bitcoin reserve moves.
Blockstream– A crypto firm advancing Bitcoin development, headed by Adam Back.
BSTR Holdings- The updated corporate name for Cantor Equity Partners 1 after closing the crypto deal.
Bitcoin Treasury Strategy- A shift from fiat to Bitcoin for corporate reserves and long-term planning.
Equity Swap- Trading Bitcoin for company shares instead of cash.
Sources