Summary
- Cantor Fitzgerald and Blockstream CEO Adam Back are reportedly working on a SPAC merger valued at approximately $4 billion.
- If the deal is completed, Blockstream will become a publicly listed company, with large-scale capital inflows anticipated for the blockchain technology and virtual asset sectors.
- It is reported that, if this merger is realized, the boundaries between traditional finance and the virtual asset industry will become even less distinct.
According to Walter Bloomberg, an economic news account, on the 15th (local time), U.S. investment bank Cantor Fitzgerald is reportedly working with Blockstream CEO and renowned Bitcoin (BTC) maximalist Adam Back to pursue a Special Purpose Acquisition Company (SPAC) merger worth approximately $4 billion.
If the deal is completed, Blockstream is expected to transition into a publicly listed company, with significant capital inflows anticipated in the virtual asset and blockchain technology sectors.
Adam Back has consistently adhered to Bitcoin’s core philosophy, leading the expansion of Bitcoin infrastructure and development of the Lightning Network through Blockstream.
If this merger materializes, it is expected to further blur the boundaries between traditional finance and the virtual asset industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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