Cantor Fitzgerald SPAC Nears $4B Bitcoin Mega-Deal With Blockstream’s Adam Back: FT
Cantor Fitzgerald’s blank-check company is making moves—teaming up with Bitcoin OG Adam Back for a crypto power play that could shake Wall Street’s dusty corridors.
SPACs meet Satoshi: The $4 billion deal would fuse traditional finance’s favorite loophole with Bitcoin’s cypherpunk roots. Because nothing says 'disruption' like leveraging a regulatory hack to buy into decentralization.
Back’s Blockstream—already a heavyweight in Bitcoin infrastructure—could get a turbocharged war chest. Meanwhile, Cantor’s SPAC investors get a front-row seat to crypto’s next act. Just don’t ask about the 'special purpose' part when Bitcoin’s price swings 20% before lunch.
The twist? Even Wall Street’s financial engineering can’t outpace Bitcoin’s volatility. But hey—at least this SPAC won’t waste its cash on another EV startup.
