Cantor Fitzgerald Nears $4 Billion SPAC Tie-Up With Bitcoin Pioneer

Cantor Fitzgerald is in advanced talks on a roughly $4 billion special-purpose acquisition company deal with Adam Back, a cryptography expert widely credited as one of Bitcoin’s earliest pioneers, according to the Financial Times.

The blank-cheque vehicle, tentatively named Cantor Equity Partners I and led by Brandon Lutnick—son of U.S. Commerce Secretary and Cantor Chairman Howard Lutnick—would merge with a new company headed by Back. The combined entity is expected to deploy the bulk of the SPAC’s capital to acquire Bitcoin, with discussions centred on purchasing more than 30,000 tokens valued at about $3 billion at current prices, the people said.

A final agreement could be announced in the coming weeks, underscoring a renewed push by Wall Street intermediaries to gain direct exposure to the digital-asset market despite heightened regulatory scrutiny. If completed, the deal would rank among the largest crypto-related SPAC transactions to date.

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