Nasdaq-listed Cantor Equity Partners is set to close a $4B deal to expand its Bitcoin purchases – its second major $BTC acquisition of the year. In a definitive signal that Wall Street is veering towards digital assets, now’s the time to buy the best crypto.
Back is expected to contribute up to 30K Bitcoin to the Cantor Equity Partners I SPAC in return for shares, as part of a broader agreement that includes raising up to $800M in additional capital. The SPAC will then be renamed BSTR Holdings.
The BSTR Holdings deal could be announced as early as this week. And – if completed – the deal would make Cantor Fitzgerald one of the most aggressive institutional buyers of Bitcoin globally, potentially reaching $10B in 2025 through BSTR Holdings and Twenty One Capital.
Lutnick, meanwhile, is the son of former chairman and CEO of Cantor Fitzgerald, US Commerce Secretary Howard Lutnick. After Howard joined the Trump administration, Brandon took over Cantor Fitzgerald.
Cantor’s bold move into Bitcoin signals a shift in institutional sentiment, showing some Wall Street firms now prefer direct asset acquisition over ETF exposure. And the BSTR Holdings deal underscores a rising trend of SPACs being used as vehicles to acquire Bitcoin.
“Deals where special purpose acquisition companies are used as vehicles to buy bitcoin, as investors seek to emulate billionaire bitcoin evangelist Michael Saylor’s company, Strategy, in hoarding the digital currency.”
It goes without saying that the Bitcoin blockchain has a lot going for it, especially when it comes to security. Where it’s sadly lacking, however, is in terms of speed and scalability. And let’s not get started on its high transaction fees.
We believe $HYPER is a project packed with potential – not only because it’s a Bitcoin L2, but also because of its solid tokenomics. Some 30% of its total token supply (21B) is allocated to development.
That said, TOKEN6900’s no-frills approach and devil-may-care vibe are catching the attention of investors. The presale has already raised over $580K, with it climbing by the hour.
Well, this meme coin is an ERC-20 token that fuels a purpose-built Layer-1 chain crafted specifically for the meme coin universe. It operates on a novel “Proof of Meme” (POM) consensus model. And the model is designed to support meme coins from launch to long-term growth.
The $M price has dropped since its July 11 ATH and now stands at around $0.3993. So now’s the time to buy the dip.
Wall Street may have its eye set on $BTC, but retail investors are living it up in the altcoinverse. And with digital assets becoming increasingly mainstream, investing in the best altcoins makes sense.
Remember, though, always do your own research before you invest in any project. We’re not financial advisers, and the crypto market is unpredictable.
