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Cantor Fitzgerald's acquisition of Blockstream for up to 30,000 Bitcoins is driving the institutional increase the position wave in 2025.
Cantor Fitzgerald plans to purchase up to 30,000 Bitcoins from Blockstream Capital
According to sources cited by the Financial Times, Cantor Equity Partners 1 is in final stage negotiations with Blockstream Capital, led by early Bitcoin evangelist Adam Back, to acquire 30,000 Bitcoins held by the latter, valued at up to 3 billion dollars.
As part of the transaction, Blockstream Capital will acquire a stake in Cantor Equity Partners 1. After the deal is completed, this SPAC is expected to be renamed BSTR Holdings, and plans to raise an additional $800 million, pushing its valuation to over $4 billion to support its long-term Bitcoin asset allocation strategy.
The trading time point is synchronized with the "Crypto Week" and may be implemented this week.
It is reported that the transaction is expected to be finalized this week, coinciding with the U.S. House of Representatives "Crypto Week". Although negotiations are nearing completion, sources also warn that the final terms of the deal may change.
The transaction is similar to the $3.6 billion Bitcoin collaboration project initiated by Cantor Fitzgerald, SoftBank, and Tether this April. In addition, the market-focused Twenty One Capital is also actively increasing its Bitcoin holdings and plans to go public.
Adam Back Accelerates the "Bitcoin Vault Strategy"
As an early technical supporter of the Bitcoin industry, Adam Back is actively promoting companies to incorporate Bitcoin into their balance sheets. In addition to negotiations with Cantor, Adam Back has recently invested in The Blockchain Group and H100 Group, both of which hold significant Bitcoin assets.
The craze for Bitcoin treasury companies continues, and the BTC accumulation competition escalates.
Since early 2025, the number of Bitcoin treasury companies has rapidly increased. For example:
Accompanied by this wave of enterprise-level accumulation, the price of Bitcoin continues to reach new highs, peaking at $123,091, and although the probability of interest rate hikes by the Federal Reserve is low and macroeconomic uncertainty remains, market confidence in Bitcoin has not diminished in the slightest.
Summary: The process of Bitcoin financialization is accelerating, with traditional financial giants entering the market driving institutional buying.
If Cantor Fitzgerald reaches this deal with Adam Back, it will mark a further deepening of traditional financial institutions' trust in Bitcoin. From an asset allocation perspective, this is also another iconic event where institutional investors are using BTC as a core reserve asset following Strategy and BlackRock.