Cantor Equity Partners 1, a SPAC backed by Cantor Fitzgerald, is in advanced negotiations to purchase over $3 billion worth of Bitcoin, with the deal potentially closing as early as this week.

The transaction aims to raise an additional $800 million in outside capital, positioning Cantor Fitzgerald as a major institutional buyer of cryptocurrencies.

Led by Brandon Lutnick, who became chairman in February after his father Howard Lutnick stepped down to serve as U.S. Secretary of Commerce, the firm is increasingly focused on crypto investments.

The deal's finalization is expected to coincide with 'Crypto Week' in Congress, a period marked by legislative discussions surrounding digital currencies.

As of July 15, 2025, Bitcoin was trading at approximately $116,537, having recently hit an all-time high of $120,000.

Howard Lutnick's appointment as Commerce Secretary in February 2025 led to his stepping down from Cantor Fitzgerald, paving the way for Brandon Lutnick's leadership.

The deal requires shareholder approval and SEC review, including disclosures about the Bitcoin contribution and capital raise, which could make BSTR Holdings a significant public holder of Bitcoin.

Prominent crypto investor Adam Back, co-author of the 2008 Bitcoin whitepaper and CEO of Blockstream, has made substantial investments in European Bitcoin firms, signaling growing institutional interest.

Back's active investments this year reflect a broader trend of crypto treasury strategies among publicly traded companies.

Back will exchange Bitcoin for equity in the newly renamed BSTR Holdings, with Blockstream's stake increasing alongside additional Bitcoin purchases financed through new capital.

This deal underscores the rising institutional interest in Bitcoin, especially amid ongoing regulatory developments.

Valued at up to $4 billion, the deal follows previous financing agreements by Cantor Fitzgerald, including recent deals with Maple Finance and FalconX.