Exchanging your fiats for bitcoin is almost commonplace. But entrust this mission to a historic figure of the crypto industry? It is a completely different level of play. And that is precisely what Brandon Lutnick, 27, son of the boss of Cantor Fitzgerald and now president of the firm, decided to do. Opposite: Adam Back, this discreet cypherpunk behind Hashcash, and whose BTC are worth billions. The decor is planted.
In short
- Cantor Fitzgerald wants to acquire 30,000 bitcoins from Blockstream in exchange for a shares of a spac.
- The operation could reach $ 4 billion, reinforced by 800 million external lifting.
- Adam Back becomes a shareholder of Bstr Holdings, the listed cryptocurrency structure born from the transaction.
- Brandon Lutnick continues Crypto Deals, affirming his strategic turn towards physical bitcoin.
A Wall Street giant takes out the checkbook for physical bitcoin
Cantor Fitzgerald did not choose a derivative product or an ETF Bitcoin. What she wants is real bitcoin, 30,000 units preciselyeither About $ 3.5 billion. The vehicle for this? A Spac. Yes, these empty shells listed on the stock market that is filled with an asset. Except that here, the asset is not a startup: it is the active crypto-shared itself. Bitcoin.
And that's not all. The maneuver also provides for Raise additional dollars. Objective: buy even more BTC. This assembly, worthy of a financial puzzle, could lead to a listed public entity, renamed BSTR Holdingswith more than $ 4 billion in Bitcoins in its boxes.
Why does Adam Back accept this deal? In exchange for his BTC, he receives actions in this new entity. What align your interests on the rise of your own contribution. And for Lunick, it is the assurance of getting their hands on a mountain of bitcoins, without having to convince each investor one by one.
Lutnick does not hide his admiration for the king of cryptos. During a public exchange with Paolo Ardoino (Tether), he launched ::
The beauty of Bitcoin is its fixed offer.
A nod to those who prefer digital gold to printed dollars.
When the crypto strategy changes brass
Basically, this operation is not just a purchase. It is a manifesto. A declaration of intent which says: finance no longer looks at bitcoin, it integrates it. And this, not via leverage, but via spot, real, tangible.
And above all, this strategy is part of a heavy trend: accumulate BTC by action rather than maximizing benefits by action. This is exactly what Strategy (ex-microstrategy) has been doing since 2020. Cantor Fitzgerald, through Twenty One Capital And now bstr, seems to be going further.
This structural choice is accompanied by speaking figures:
- 30,000 BTC transferred to a public entity: unheard of this scale;
- $ 4 billion in capital mobilized on a pure bitcoin strategy;
- $ 800 million raised to strengthen positions;
- $ 10 billion: BTC objective accumulated by Cantor in 2025;
- 2 Crypto deals in 6 months for Brandon Lutnick: no coincidence.
And while others launch ETFs or indexes on several blockchains, Cantor sticks to Bitcoin alone. An assumed, radical, and potentially transformer positioning for the entire crypto ecosystem.
Adam Back is not just anyone. Satoshi Nakamoto cited his hashcash. He never denied being Satoshi. He keeps his self. And today, it is towards him that Brandon Lutnick reaches out. This gesture is surely not due to chance. Whoever, in 2023 already, publicly bet on a bitcoin to a million dollars plays a much larger card here. A map where bitcoin becomes not only a reserve of value, but pillar of a new monetary order.
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