Recently, institutional interest in Bitcoin has significantly increased, as evidenced by Cantor Fitzgerald's upcoming deal.
Institutional Interest in Bitcoin
Institutional interest in Bitcoin has been growing exponentially. Many companies are starting to purchase BTC, indicating the increasing popularity of cryptocurrency among major global investors.
Cantor Fitzgerald and Blockstream Negotiations
According to the Financial Times, Howard Lutnick's company Cantor Fitzgerald is in talks with Adam Back and his company Blockstream to purchase approximately $4 billion worth of Bitcoin.
Future of the Deal
Although the deal has reportedly not been finalized yet, it could be finalized this week. Cantor Equity Partners, a special purpose acquisition company (SPAC) backed by Cantor, raised $200 million in its initial public offering in January.
Thus, the growing interest of institutional investors in Bitcoin continues, and Cantor Fitzgerald's forthcoming deal with Blockstream highlights this trend.
