BREAKING: Brandon Lutnick Lands Monumental Bitcoin Agreement with Blockstream’s Adam Back

Bitcoin just got a heavyweight endorsement—and Wall Street's gonna hate it.

Brandon Lutnick just inked a game-changing deal with Adam Back, the cypherpunk legend behind Blockstream. No terms disclosed, but insiders whisper 'nine figures' as institutional FOMO hits overdrive.

Why this matters:

- Back’s involvement signals hardcore Bitcoin maxi cred—no shitcoin compromises

- Lutnick’s move steals thunder from BlackRock’s tired ETF plays

- The deal drops as legacy finance scrambles to pretend they ‘get’ self-custody

One Goldman Sachs analyst (who definitely missed the 2013 rally) called it ‘an interesting diversification play.’ Meanwhile, the OGs are stacking sats—and laughing all the way to the real bank.

$118,245 purchase worth between 3 to 4 billion dollars with Adam Back, a prominent figure from Bitcoin’s early years. The negotiations are conducted through a special purpose acquisition company (SPAC) supported by Cantor Fitzgerald, known as Cantor Equity Partners. If finalized, this would be the largest cryptocurrency transaction the company has undertaken this year, according to a report by Financial Times.

ContentsBackground of the Massive Bitcoin PurchaseCantor Equity Partners’ SPAC Structure and Goals

Background of the Massive Bitcoin Purchase

Brandon Lutnick assumed leadership at Cantor Fitzgerald after his father, Howard Lutnick, was sworn in as U.S. Secretary of Commerce in February. His first major endeavor involves collaborating with Blockstream CEO and Hashcash inventor Adam Back for the monumental bitcoin acquisition. Leaked information suggests that the final agreement is nearly ready and could be publicly announced soon.

Adam Back is among the few individuals cited in the 2008 Bitcoin whitepaper, adding symbolic significance to the purchase. The team handling the deal on Cantor’s side is leveraging experiences gained from Maple Finance and FalconX, where they closed initial Bitcoin financing transactions on May 27. Market analysts suggest that such a massive Bitcoin position could have a lasting impact on Bitcoin’s liquidity.

Cantor Equity Partners’ SPAC Structure and Goals

Cantor Equity Partners raised capital from institutional investors in January through a $200 million public offering, achieving flexible maneuverability via the SPAC model. This vehicle is now being used to gain direct access to Bitcoin assets, aiming to bridge the gap between the traditional financial world and the cryptocurrency sphere.

This strategy aligns with Howard Lutnick’s perspective that Bitcoin should “trade freely.” On the day he took office, Howard Lutnick transferred management and ownership rights at Cantor Fitzgerald to his sons, Brandon and Kyle Lutnick, ensuring corporate continuity.

Experts believe that executing a Bitcoin purchase of 3-4 billion dollars could stir the spot market and potentially trigger an upward movement in both Bitcoin and altcoins.

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