Cantor Fitzgerald Prepares Major Bitcoin Purchase in $3.5 Billion Deal

• Cantor Fitzgerald acquiring 30,000 Bitcoin tokens from Blockstream Capital in major institutional purchase
• Deal reflects growing corporate adoption of Bitcoin as treasury asset, similar to MicroStrategy’s $70B accumulation strategy.

Cantor Fitzgerald, a Wall Street investment firm, is pursuing a major Bitcoin acquisition of more than $3.5 billion. The transaction consists of buying around 30,000 Bitcoin tokens of Blockstream Capital, a company created by Adam Back, a pioneer in the cryptocurrency world. Brandon Lutnick, son of Commerce Secretary Howard Lutnick, leads the transaction through his family’s financial services company. This is one of the biggest corporate Bitcoin purchases in recent market history.

Strategic Bitcoin Accumulation Reflects Growing Institutional Interest

The deal is done through Cantor Equity Partners 1, a special purpose acquisition company that raised 200 million dollars in January 2025. Blockstream Capital would provide its Bitcoin assets in exchange for equity shares in the restructured company. The new name of the merged organization would be BSTR Holdings after the merger had been completed. Subsequent capital raising may bring in up to 800 million dollars to carry out more Bitcoin buying.

According to sources in the Financial Times, the deal may be sealed this week, but the terms are still open to negotiations. Together with its current fleet, the total amount of cryptocurrencies that Cantor invests in may reach up to $10 billion on various acquisition platforms this year. Earlier this spring, the company had already struck gold with a massive $3.6 billion alliance alongside SoftBank and Tether, targeting Bitcoin acquisitions.

In February, Brandon Lutnick became the leader of Cantor Fitzgerald when his father was confirmed as the trade representative of Trump. This strategy of the younger Lutnick resembles that of MicroStrategy’s Michael Saylor, who has acquired $70 billion worth of Bitcoin since 2020. This plan focuses on maximizing Bitcoin per share instead of the conventional earnings measures.

The transaction has great credibility with the involvement of Adam Back, who is one of the pioneers in the development of Bitcoin. In 1997, his Hashcash cryptographic system introduced the necessary proof-of-work principles that were used by the creator of Bitcoin, Satoshi Nakamoto, in the cryptocurrency

The transaction is an indication of wider institutional use of Bitcoin as a treasury asset and investment vehicle. The idea of corporate Bitcoin accumulation has been picking up pace as conventional financial institutions look to gain exposure to cryptocurrency. The aggressive Bitcoin buying program led by Cantor makes the firm one of the largest institutional buyer of Bitcoin in the world.

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