Cantor Equity Shares Rocket 55% – Now Up Another 15% Pre-Market as Bitcoin SPAC Rumors Ignite Frenzy
Wall Street’s latest speculative darling? Cantor Fitzgerald’s stock just ripped through a 55% gain – and pre-market action suggests another 15% surge as traders pile into Bitcoin SPAC speculation. Because nothing fuels a rally like vague crypto adjacency.
The SPAC circus rolls on: Blank-check deals were supposed to be dead, but toss ’Bitcoin’ into the mix and suddenly everyone’s a believer again. Cantor’s sudden heat mirrors the 2021 crypto-SPAC mania – back when retail investors happily burned cash chasing shell companies with blockchain PowerPoints.
Cynical take: If past is prologue, this ends with SEC scrutiny, a 90% crash, and some hedge fund quietly pocketing the difference. But for now? Enjoy the dopamine hit of those green candles.
With BTC trading NEAR $94,000, and the entity holding nearly $4B in BTC exposure, investors are re-rating CEP as a high-leverage bet on institutional bitcoin adoption. The stock is set to re-list under ticker “XXI” once the merger is finalized.
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