Quick Takeaways
• Cantor Fitzgerald is gearing up to purchase 30,000 Bitcoin from Blockstream, which amounts to more than $3.5 billion.
• The firm is prioritizing Bitcoin per share, following a playbook similar to MicroStrategy’s.
• This deal, plus other crypto moves, could push Cantor’s Bitcoin exposure to $10B+ this year.
A Big Bitcoin Bet from Wall Street
Cantor Fitzgerald, a major U.S. financial firm, is making headlines with a plan to buy over $3.5 billion worth of Bitcoinfrom Blockstream Capital, a crypto trading company led by legendary cryptographer Adam Back.
At the center of the deal is Brandon Lutnick, just 27 years old and already chair of Cantor Fitzgerald.
He’s leading the charge through a special purpose acquisition company (SPAC) called Cantor Equity Partners 1.
That SPAC will soon change its name to BSTR Holdings as part of the deal.
If it goes through, the deal could turn Cantor into one of the largest institutional holders of Bitcoin in the world.
Blockstream to Hand Over 30,000 Bitcoin
So, what’s on the table? 30,000 BTC, to be exact. At today’s price of around $118,000 per coin, that’s more than $3.5 billion worth of Bitcoin.
Blockstream will get stock in BSTR holdings in turn. But the story doesn’t stop there Cantor is also looking to raise up to $800 million more from outside investors, likely to buy even more Bitcoin.
That is to say, this is not a one-time deal. It’s a larger strategy that could push Cantor’s total crypto exposure toward $10 billion by the end of 2025.
Bitcoin Over Earnings? That’s the Strategy
This action fits into a larger cryptocurrency trend. Instead of focusing purely on traditional financial metrics like earnings per share, companies like Cantor are shifting to a new goal: maximizing Bitcoin per share.
It’s a playbook inspired by Michael Saylor, the executive chair of MicroStrategy, who’s built up more than $70 billion in Bitcoin since 2020.
Now, Cantor seems ready to follow that same strategy with its own twist.
Not Cantor’s First Rodeo in Crypto
This isn’t Cantor’s first foray into digital assets. Back in April, the firm partnered with SoftBank and Tether on a $3.6 billion crypto investment initiative.
And in May, the canter helped firms such as maple finance and Falconx safe bitcoin-supported loans, leading to further speed in their crypto expansion.
They also operate Twenty One Capital, another investment vehicle focused on digital assets.
Combined with this new move, their Bitcoin holdings are stacking up fast.
Why Blockstream Matters Here
You might be wondering why is Blockstream such a big deal?
It is run by Adam Back; in fact, the first Bitcoin whitepaper cited Satoshi Nakamoto’s 1997 invention, Hashcash.
In other words, Back helped lay the foundation for Bitcoin itself.
So when Blockstream agrees to swap 30,000 Bitcoin for equity, it’s not just a financial transaction it’s a powerful signal of confidence in Cantor’s vision.
What This Could Mean for the Market
If this deal closes, it could spark a wave of similar moves by other financial firms.
We’re already seeing more institutions looking to hold crypto on their balance sheets or even build products around it.
This kind of deal isn’t just about holding Bitcoin. It’s about building a long-term financial ecosystem around it, one that’s less dependent on traditional currencies and more focused on hard, digital assets.
And with younger leadership like Brandon Lutnick at the helm, Cantor might just be at the forefront of a new financial era.
Final Thoughts
In a world where crypto adoption is still gaining steam, Cantor Fitzgerald’s $3.5B Bitcoin acquisition stands out.
It’s bold. It’s strategic. And it shows that some of the most established players on Wall Street are going all-in on Bitcoin not just as an asset, but as the backbone of a new financial strategy.
Keep your eyes on this space. Because if this deal closes and it could happen any day now it might be one of the biggest institutional Bitcoin plays we’ve seen yet.