In a deal that could mark one of the largest corporate purchases of Bitcoin (CRYPTO: BTC) to date, Cantor Equity Partners I Inc (NASDAQ:CEPO) is in advanced talks to acquire more than $3 billion worth of Bitcoin from Blockstream Capital‘s Adam Back.
The move, which could total over $4 billion after additional fundraising, aligns with Cantor Fitzgerald’s broader strategy to become a leading institutional buyer of digital assets.
The special purpose acquisition company, which raised $200 million in its January IPO, is led by 27-year-old Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick.
Quoting sources familiar with the discussions, The Financial Times reported that the transaction may be finalized as early …