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Crypto Legend Adam Back Teams Up With Cantor Fitzgerald to Launch $3.5B Bitcoin Treasury Powerhouse
Crypto Legend Adam Back Teams Up With Cantor Fitzgerald to Launch $3.5B Bitcoin Treasury Powerhouse
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Bitcoin OG Adam Back just flipped traditional finance the ultimate middle finger—partnering with Wall Street giant Cantor Fitzgerald to launch a $3.5 billion crypto treasury behemoth.
Why this matters: When the inventor of Hashcash (Bitcoin’s precursor) and a 76-year-old bond-trading institution join forces, the establishment should be sweating.
The play: Back’s new venture aims to bridge crypto’s wild west with institutional-grade treasury management—because apparently even anarcho-capitalists need someone to handle their billions.
The punchline: Nothing says 'adoption' like Wall Street firms finally realizing they can’t beat Bitcoin—so they’re buying the dip through 'legitimate' channels. How very 2025 of them.
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