In a bold institutional move, Cantor Fitzgerald is reportedly preparing to acquire up to $3.5 billion in Bitcoin through a partnership with Blockstream, the infrastructure firm led by cryptographer Adam Back. The news, first reported by the Financial Times, underscores a surge in demand for compliant BTC exposure among major financial players.
The deal involves purchasing Blockstream’s Bitcoin mining notes, which are fully backed by spot BTC and designed to offer indirect Bitcoin exposure to institutions bound by strict regulatory requirements.
According to insiders, Cantor will act as both distributor and custodian for the product—positioning itself at the core of a rapidly evolving crypto-financial pipeline. The plan could make Cantor one of the largest non-ETF institutional Bitcoin holders globally.
Blockstream has already secured nearly $1 billion in commitments, with the remaining $2.5B expected to close in the coming months, depending on market conditions.
The announcement comes amid a broader wave of institutional BTC interest. Spot Bitcoin ETFs saw $403M in inflows on July 15 alone, further reinforcing bullish sentiment in legacy finance.
