Cantor Fitzgerald SPAC will reach a $4 billion Bitcoin deal with Adam Back

according to the Financial Times, Cantor Fitzgerald-backed special purpose acquisition company (SPAC) Cantor Equity Partners 1 is in late-stage negotiations with Bitcoin developer Adam Back to purchase Bitcoin worth $3-4 billion. The deal will closely follow Cantor's first Bitcoin financing transaction completed on May 27 with Maple Finance and FalconX.