Cantor Fitzgerald Strikes $3.5B Bitcoin Mega-Deal With Blockstream—Wall Street Goes Full Crypto

Cantor Fitzgerald just placed a $3.5 billion bet on Bitcoin—and Wall Street's scrambling to keep up.

The 80-year-old financial giant inked a landmark deal with Blockstream, the blockchain infrastructure firm, signaling institutional adoption isn't slowing down. Forget 'dipping toes'—this is a cannonball into crypto's deep end.

Why it matters: When traditional finance starts writing Bitcoin checks this big, the 'digital gold' narrative gets harder to mock. Even for suits who still think 'HODL' is a typo.

The fine print: No details on whether this involves mining, custody, or pure speculation. But at $3.5B, it's clear Cantor's not here for the 'blockchain, not Bitcoin' charade.

The kicker: Another win for crypto's institutional takeover—just don't tell the 'decentralize everything' crowd. Nothing says 'revolution' like a 9-figure deal with a firm that probably still uses fax machines.

Key Takeaways

• Cantor Fitzgerald is nearing a $3.5 billion bitcoin purchase from Blockstream Capital.
• Blockstream may contribute up to 30,000 BTC in exchange for equity in a new Cantor vehicle, BSTR Holdings.
• Combined with other ventures, Cantor’s bitcoin acquisitions could reach $10 billion in 2025.

Cantor Fitzgerald, the American financial services firm, is reportedly close to acquiring over $3.5 billion worth of Bitcoin from Blockstream Capital, according to sources cited by the Financial Times and Bloomberg.

The deal involves Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200 million in January, and Blockstream Capital, founded by bitcoin pioneer Adam Back.

Blockstream to contribute

Blockstream WOULD contribute up to 30,000 bitcoin—currently valued at $3.5 billion—in exchange for shares in the Cantor vehicle, which will be renamed BSTR Holdings.

The agreement also includes a plan to raise up to $800 million in additional capital for further bitcoin acquisitions.

Reports suggest the deal could be finalized this week, though terms may still change.

Cantor Fitzgerald expands

If completed, the transaction would make Cantor Fitzgerald one of the largest bitcoin buyers globally.

Together with its existing bitcoin investment vehicle, Twenty One Capital, Cantor’s combined bitcoin purchases in 2025 could approach $10 billion.

This follows a prior $3.6 billion deal in April involving SoftBank and Tether to create a bitcoin acquisition company.

Brandon Lutnick assumed the chairmanship of Cantor Fitzgerald in February after his father, Howard Lutnick, was confirmed as the U.S. Commerce Secretary.

Trend

The MOVE reflects a growing trend of companies seeking to maximize bitcoin per share, emulating the strategy of firms like MicroStrategy.

Notably, Blockstream’s Adam Back is a key figure in bitcoin’s history, as his Hashcash protocol was foundational to the network’s proof-of-work consensus.

For more on public company bitcoin holdings, see the Twenty One Capital bitcoin treasury tracker and MicroStrategy historical bitcoin holdings.