TechFlow, July 16 — According to the Financial Times, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald is in advanced talks with Adam Back, the developer cited in the Bitcoin white paper, to purchase $3–4 billion worth of Bitcoin.
This transaction would follow Cantor's first Bitcoin financing deal completed on May 27 with Maple Finance and FalconX. Notably, Brandon Lutnick, current chairman of Cantor Fitzgerald, is the son of U.S. Commerce Secretary Howard Lutnick, who has publicly supported Bitcoin.




