US -based global finance company Cantor Fitzgeraldnew president of Brandon Lutnick, Bitcoin 
$116,523.39Adam Back, one of the prominent names since the early years of the first years, came to the final stage during his talks for the purchase of Bitcoin of $ 3‑4 billion. To the news of Financial Times according to Interviews with Cantor Fitzgerald Cantor Equity Partners is carried out via special purpose purchasing company (Spac). If the agreement is reached, the company will perform the largest crypto currency transaction it has signed since the beginning of the year.
Background of the huge Bitcoin intake
Brandon Lutnick, his fatherHoward LutnickHe took over the administration of Cantor Fitzgerald after his oath as the US Trade Minister in February. Blockstream CEO and Hashcash inventorMan back with $ 3 to 4 billion dollars worth sitting at the table to buy Bitcoin. According to leaked information, the final contract can be announced to the public in a short time, ready for signature.
Back’s 2008Bitcoin The fact that it is one of the few names referenced in its technical article also emphasizes the purchase symbolic. The team that conducts the agreement on the Cantor side is on May 27Maple Finance and Falconx The first Bitcoin financing transactions closed with the experience of the negotiations said. Market analysts evaluate that a position of this size can have a permanent effect on Bitcoin liquidity.
Cantor Equity Partners’s Spac Structure and Target
Cantor Equity Partners has collected resources from corporate investors with a public offering of $ 200 million in January and gained flexible maneuverability thanks to the Spac model. The vehicle is now aiming to access the presence of Bitcoin directly using this feature. Thus, he plans to build a bridge between the traditional financial world and the crypto currency world.
This strategy coincides with Howard Lutnick’s approach to Bitcoin “freely traded”. Howard Lotnick took office on the day he took office, the rights of management and ownership in Cantor Fitzgerald, Brandon and his brotherKyle LutnickBy transferring to institutional continuity.
Experts emphasize that the realization of 3-4 billion dollars of Bitcoin purchase may cause a new upward mobility in both Bitcoin and Altcoins.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
