Cantor Fitzgerald plans to reach over $4 billion SPAC deal with Bitcoin pioneer

PANews reported on July 16 that according to the Financial Times, Cantor Fitzgerald is in late negotiations with Adam Back, an early supporter of Bitcoin and founder of Blockstream Capital, on a Bitcoin acquisition transaction worth more than $4 billion. The transaction involves Cantor Equity Partners 1, a SPAC company owned by Cantor, plans to acquire more than 30,000 bitcoins and plans to further increase its holdings in digital currencies through external financing.
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