🚨 BREAKING NEWS 🚨 The crypto world is buzzing with the latest development: Adam Back, the cryptographer long suspected to be Satoshi Nakamoto, has stepped into the spotlight with a whopping $3.5 billion Bitcoin deal!
Back’s newly launched Bitcoin Standard Treasury (BSTR) is set to merge with Cantor Equity Partners I (CEPO), bringing 30,021 BTC onto its balance sheet and instantly ranking it as the fourth-largest public Bitcoin holder globally. Move over, Strategy and Tesla! 🚀
The BTC stash consists of 25,000 coins from founding shareholders advised by Blockstream Capital and 5,021 BTC from a PIPE offering – the first of its kind denominated in Bitcoin. The financing package includes $1.5 billion in fiat PIPE funding, a $200 million SPAC contribution, and a mix of convertible notes and preferred equity. 💰
25k BTC from founders. 5,021 BTC pipe (first BTC denominate SPAC pipe). and USD raise from PIPE, convertible senior notes and convertible preferred, plus SPAC up to $200m in the press. it’s the largest SPAC treasury raise by 2.1x
— Adam Back (@adam3us) July 17, 2025
But it’s not just about the size of this deal. The involvement of Cantor Fitzgerald, a financial firm chaired by Howard Lutnick, and his son Brandon, has raised eyebrows in the crypto community. Especially after HBO dubbed Adam Back the most plausible real-life Satoshi Nakamoto. It seems that Back is now opting for structure and security, shifting some of his BTC holdings into institutional hands and legally anchoring the capital in a U.S.-regulated entity. 🏛️
Some of his original 80,000 BTC reportedly went through Galaxy Digital for sale, but the remaining 30,000 are now locked into what could be the most biggest regulated Bitcoin treasury move of the decade. 💸
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2025-07-17 19:15