Brandon Lutnick, President of Wall Street Investment Bank Cantor Fitzgerald, is in late phase conversations with the early Bitcoin spokesman and Blockstream CEO Adam back for a Bitcoin Finance Ministry that could be worth over $ 3 billion, the Financial Times reported Wednesday.
According to the report, Lutnick’s blank check company Cantor Equity Partners 1 acquire 30,000 BTC (nearly 3.5 billion dollars at current prices) From back. On the other hand, back would receive equity in the vehicle, which would be renamed Bstr Holdings. The company is also trying to raise $ 800 million out of capital, the report says.
A final agreement could be announced within a few days, although conditions are still being negotiated under the report.
The news follows Cantor Fitzgerald’s former Bitcoin investment vehicle Twenty One Capital, which was supported by Softbank, Tether and BitFinex and led by Jack Malers, CEO of Bitcoin-Focused Payment’s App Strike. It has been part of a recent tendency to transform publicly traded companies into the crypto state box strategy, and collects money from investors to acquire digital assets like BTC, Ethereums ether ETH Or Solana’s sun Sun.
Back has personally supported several Bitcoin-focused companies this year, including Sweden’s H100 group and France’s blockchain group.
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