Cantor Equity Partners I (CEPO) rise to the sky to nearly 15 USD this morning in America, up 25% from the level of 12 USD after news that Adam Back – a Bitcoin pioneer – invested in this company. According to Financial Times, Back will contribute 30,000 BTC ( worth nearly 3.5 billion USD) from personal assets and Blockstream Partners, in exchange for equity in CEPO, a company expected to be renamed BSTR Holdings.
CEPO is also raising an additional 800 million USD to buy more BTC. According to expert James Van Straten from CoinDesk, this move is not aimed at taking profits but reflects Back’s long-term vision of making Bitcoin a core asset in the traditional financial investment portfolio.
CEPO is a SPAC company specializing in Bitcoin reserve strategies, operated by Brandon Lutnick – Chairman of Cantor Fitzgerald and the son of former Commerce Secretary during Trump.
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