Overview

• Cantor Equity Partners 1 is in late-stage talks to acquire 30,000 BTC from Blockstream CEO Adam Back in exchange for equity in a deal valued at about $3.5 billion.
• Once the transaction closes, the blank-check company will be renamed BSTR Holdings.
• The SPAC aims to raise up to $800 million in new capital to support additional bitcoin purchases and expand its corporate treasury.
• Shares of Cantor Equity Partners 1 surged more than 20% after reports of the proposed bitcoin acquisition surfaced.
• Led by Brandon Lutnick, the SPAC follows Cantor Fitzgerald’s April launch of Twenty One Capital and underscores a widening bridge between Wall Street and institutional bitcoin accumulation strategies.