Bitcoin Pioneer Adam Back in $3.5B Mega-Deal With Cantor’s SPAC—Led by Brandon Lutnick: FT

Crypto just got a Wall Street power play. Early Bitcoin OG Adam Back is locking horns—and funds—with Cantor Fitzgerald’s SPAC arm in a near-$3.5 billion BTC deal, per the Financial Times. Because nothing says 'decentralized' like a nine-figure handshake with finance suits.

The Players

Back—the cypherpunk who inspired Satoshi’s whitepaper—is now dancing with Cantor’s Brandon Lutnick. SPAC magic meets HODL mentality. Ironic? Maybe. Bullish? Absolutely.

Why It Burns TradFi

While banks still debate 'blockchain, not Bitcoin,' Back’s move flips the script: a nine-zero bet that institutional cash will chase scarcity. Bonus jab: At least SPACs found something better to merge with than empty promises.

The Bottom Line

When a Bitcoin maxi and a Wall Street heavyweight cut a deal this big, forget 'crypto winter'—this is institutional FOMO on a blockchain-sized heater.