Inside Cantor Fitzgerald's $4B Bitcoin Treasury Deal With Blockstream
Briefly

Cantor Fitzgerald has initiated a significant $4 billion SPAC deal with Blockstream Capital, a move that underscores its aggressive stance as an institutional Bitcoin buyer. Blockstream Capital will contribute over 30,000 BTC in exchange for equity in a new entity, BSTR Holdings. The transaction signifies a trend towards Bitcoin-native capital formation, where corporate structures are designed around Bitcoin rather than traditional metrics like earnings per share. This strategy is gaining traction with firms globally, working to directly acquire Bitcoin through public vehicles and reshaping corporate finance.
The Cantor-Blockstream transaction is part of a broader trend we call Bitcoin-native capital formation-where equity, debt, and structured products are engineered to maximize Bitcoin per share, not just earnings per share.
This isn't just another crypto-adjacent corporate deal. It's a sophisticated, multi-layered move that marks a deeper evolution: the rise of purpose-built public companies structured entirely around Bitcoin.
Read at Bitcoin Magazine
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