Cantor Fitzgerald is reportedly preparing to make a massive Bitcoin acquisition worth up to $4 billion, with Brandon Lutnick—son of U.S. Commerce Secretary Howard Lutnick—leading the charge.
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.
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.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/wall-street-giant-could-acquire-billions-in-btc-in-landmark-deal/