Brandon Lutnick, president of the Wall Street Cantor Fitzgerald Investment Bank, is in talks on the late stage with the early proponent of Bitcoin and the Blockstream CEO, Adam, for a Bitcoin Treasury agreement that could be worth more than $ 3 billion, Financial Times reported Wednesday.
According to the report, the Lutnick Blank Check Company, Cantor Equity Partners 1, would acquire 30,000 BTC (almost $ 3.5 billion at current prices) backwards. In return, Back would receive capital in the vehicle, which would be called Bstr Holdings. The firm also seeks to raise $ 800 million out of capital, according to the report.
A final agreement could be announced in a matter of days, although terms are still being negotiated, according to the report.
The news follows the anterior Bitcoin investment vehicle of Cantor Fitzgerald, twenty -one capital, which was supported by SoftBank, Tether and Bitfinex and headed by Jack Mallers, the CEO of the application of application of payments centered on Bitcoin. That has been part of a recent tendency to convert companies that quote on a bag into cryptographic treasury strategy works, which collects money from investors to acquire digital assets such as BTC, Ethereum’s Ether’s Ether Eth o Sol de Solana SUN.
Back has personally supported several Bitcoin -centered companies this year, including Sweden Group and the Blockchain Group of France.
Read more: Bitcoin Treasury companies expand war chests as global adoption increases
