{"id":37103,"date":"2025-07-15T21:47:28","date_gmt":"2025-07-15T21:47:28","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37103"},"modified":"2025-07-15T21:47:28","modified_gmt":"2025-07-15T21:47:28","slug":"early-bitcoiner-adam-back-nears-3-5b-btc-deal-with-brandon-lutnick-led-cantor-spac-ft","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37103","title":{"rendered":"Early Bitcoiner Adam Back Nears $3.5B BTC Deal With Brandon Lutnick-Led Cantor SPAC: FT"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.coindesk.com\/consensus-toronto-2025-coverage\/2025\/05\/14\/cantor-fitzgerald-chairman-brandon-lutnick-says-he-personally-checked-tethers-reserves\">Brandon Lutnick<\/a>, chairman of Wall Street investment bank Cantor Fitzgerald, is in late-stage talks with early bitcoin proponent and Blockstream CEO Adam Back for a bitcoin treasury deal that could be worth over $3 billion, the Financial Times <a href=\"https:\/\/www.ft.com\/content\/a4a362a6-cc8b-4188-8658-75183a3d6f5f\">reported<\/a> on Wednesday.<\/p>\n<p>According to the report, Lutnick\u2019s blank cheque company Cantor Equity Partners 1 would acquire 30,000 BTC (nearly $3.5 billion at current prices) from Back. In return, Back would receive equity in the vehicle, which would be renamed BSTR Holdings. The firm also seeks to raise $800 million outside capital, the report said.<\/p>\n<p>A final deal could be announced within days, though terms are still being negotiated, per the report.<\/p>\n<p>The news follows Cantor Fitzgerald&#8217;s previous bitcoin investment vehicle Twenty One Capital, which was backed by SoftBank, Tether and Bitfinex and headed by Jack Mallers, the CEO of bitcoin-focused payments app Strike. That&#8217;s been part of a recent trend of turning publicly-traded companies into crypto treasury strategy plays, raising money from investors to acquires digital assets like BTC, Ethereum&#8217;s ether ETH or Solana&#8217;s SOL SOL.<\/p>\n<p>Back has personally backed several bitcoin-focused companies this year, including Sweden\u2019s <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/11\/swedens-h100-group-rallies-another-30-after-raising-10m-for-bitcoin-treasury-strategy\">H100 Group<\/a> and France&#8217;s Blockchain Group.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/09\/bitcoin-treasury-firms-expand-war-chests-as-global-adoption-rises\">Bitcoin Treasury Firms Expand War Chests as Global Adoption Rises<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brandon Lutnick, chairman of Wall Street investment bank Cantor Fitzgerald, is in late-stage talks with early bitcoin proponent and Blockstream CEO Adam Back for a bitcoin treasury deal that could be worth over $3 billion, the Financial Times reported on Wednesday. According to the report, Lutnick\u2019s blank cheque company Cantor Equity Partners 1 would acquire [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37103","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37103"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37103\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}