The American financial firm aims to become one of the largest bitcoin holders through the purchase of 30,000 BTC from Blockstream Capital.
Cantor Fitzgerald, the U.S.-based financial services company, is orchestrating what could become one of the largest bitcoin acquisition deals in recent history. The transaction, valued at over $3.5 billion, involves the purchase of a substantial amount of bitcoin from Blockstream Capital, the firm founded by Adam Back.
Brandon Lutnick, the 27-year-old son of U.S. Commerce Secretary Howard Lutnick, is finalizing the acquisition through his firm, Cantor Fitzgerald. According to sources close to the deal cited by the Financial Times, the transaction could be completed as early as this week.
The acquisition structure involves Cantor Equity Partners 1, a Special Purpose Acquisition Company (SPAC) that raised $200 million last January. Blockstream Capital, the trading group led by Adam Back, would contribute up to 30,000 bitcoins in exchange for shares in the new entity, which will be renamed BSTR Holdings. However, the deal remains subject to potential changes in its final terms, as noted by Financial Times sources.
This acquisition is just one part of Cantor Fitzgerald’s broader bitcoin investment strategy. The firm has plans to raise an additional $800 million in external capital to fund further bitcoin purchases, potentially bringing the total value of its bitcoin investments to nearly $10 billion over the course of 2025.
The deal follows a previous $3.6 billion agreement that Cantor Fitzgerald signed with SoftBank and Tether last April to create a dedicated bitcoin acquisition company. Brandon Lutnick was appointed president of the financial firm in February 2025, after his father was confirmed as a trade official in the Trump administration.
