Latest news with #BrandonLutnick
Bloomberg
2 days ago
- Business
- Bloomberg
Brandon Lutnick Pushes Cantor to Go All-In on Crypto SPACs
The crowd was lining up at the Venetian hotel for the latest attraction in Las Vegas: Wall Street's new crypto royalty. It was late May, and Brandon Lutnick — the son of billionaire US Commerce Secretary Howard Lutnick — had flown in with his banker colleagues to celebrate the rise of cryptocurrencies under President Donald Trump.
Time of India
3 days ago
- Business
- Time of India
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle. The company will merge with Cantor Equity Partners I , a special purpose acquisition company ( SPAC ) backed by Cantor Fitzgerald , which is chaired by Brandon Lutnick , the son of U.S. Secretary of Commerce Howard Lutnick. The move comes about four months after another Cantor-backed SPAC teamed up with Japanese technology investor SoftBank Group and Tether, the company behind the world's largest stablecoin, for a $3.6 billion crypto venture to buy bitcoin. Crypto Tracker TOP COIN SETS Smart Contract Tracker 15.68% Buy NFT & Metaverse Tracker 13.08% Buy BTC 50 :: ETH 50 12.08% Buy Web3 Tracker 10.81% Buy DeFi Tracker 8.91% Buy TOP COINS (₹) XRP 308 ( 18.76% ) Buy Ethereum 310,496 ( 8.19% ) Buy BNB 62,976 ( 2.68% ) Buy Bitcoin 10,350,234 ( 1.97% ) Buy Tether 86 ( 0.14% ) Buy Several public companies - including Trump Media & Technology, founded by U.S. President Donald Trump - are now buying cryptocurrencies amid a rally fueled by rising adoption and favorable regulatory changes. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Bitcoin has gained over 26% this year and vaulted past $120,000 for the first time on Monday. Live Events The bitcoin holding trend started after the success of Michael Saylor 's bitcoin acquirer Strategy, whose market value surged late last year as crypto prices jumped following Donald Trump's presidential election victory. Saylor pioneered the treasury approach, which involves hoarding the world's biggest cryptocurrency . As of July 14, Strategy held 601,550 units of bitcoin, making it the biggest corporate holder. Bitcoin Standard, which said it will go public with over 30,000 bitcoin on its balance sheet, will be the fourth largest listed bitcoin treasury , the company said. The U.S. House of Representatives is expected to soon pass a bill to establish a federal framework for stablecoins , a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg. The deal between Bitcoin Standard and Cantor is expected to close in the fourth quarter of 2025. The combined company will trade on the Nasdaq under the symbol "BSTR".
Economic Times
3 days ago
- Business
- Economic Times
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle. ADVERTISEMENT The company will merge with Cantor Equity Partners I , a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald, which is chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. The move comes about four months after another Cantor-backed SPAC teamed up with Japanese technology investor SoftBank Group and Tether, the company behind the world's largest stablecoin, for a $3.6 billion crypto venture to buy bitcoin. Several public companies - including Trump Media & Technology, founded by U.S. President Donald Trump - are now buying cryptocurrencies amid a rally fueled by rising adoption and favorable regulatory changes. Bitcoin has gained over 26% this year and vaulted past $120,000 for the first time on Monday. The bitcoin holding trend started after the success of Michael Saylor's bitcoin acquirer Strategy, whose market value surged late last year as crypto prices jumped following Donald Trump's presidential election victory. ADVERTISEMENT Saylor pioneered the treasury approach, which involves hoarding the world's biggest cryptocurrency. As of July 14, Strategy held 601,550 units of bitcoin, making it the biggest corporate holder. Bitcoin Standard, which said it will go public with over 30,000 bitcoin on its balance sheet, will be the fourth largest listed bitcoin treasury, the company said. ADVERTISEMENT The U.S. House of Representatives is expected to soon pass a bill to establish a federal framework for stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg. The deal between Bitcoin Standard and Cantor is expected to close in the fourth quarter of 2025. ADVERTISEMENT The combined company will trade on the Nasdaq under the symbol "BSTR". (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
3 days ago
- Business
- Reuters
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
July 17 (Reuters) - Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle. The company will merge with Cantor Equity Partners I (CEPO.O), opens new tab, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald, which is chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. The move comes about four months after another Cantor-backed SPAC teamed up with Japanese technology investor SoftBank Group (9984.T), opens new tab and Tether, the company behind the world's largest stablecoin, for a $3.6 billion crypto venture to buy bitcoin. Several public companies - including Trump Media & Technology (DJT.O), opens new tab, founded by U.S. President Donald Trump - are now buying cryptocurrencies amid a rally fueled by rising adoption and favorable regulatory changes. Bitcoin has gained over 26% this year and vaulted past $120,000 for the first time on Monday. The bitcoin holding trend started after the success of Michael Saylor's bitcoin acquirer Strategy (MSTR.O), opens new tab, whose market value surged late last year as crypto prices jumped following Donald Trump's presidential election victory. Saylor pioneered the treasury approach, which involves hoarding the world's biggest cryptocurrency. As of July 14, Strategy held 601,550 units of bitcoin, making it the biggest corporate holder. Bitcoin Standard, which said it will go public with over 30,000 bitcoin on its balance sheet, will be the fourth largest listed bitcoin treasury, the company said. The U.S. House of Representatives is expected to soon pass a bill to establish a federal framework for stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg. The deal between Bitcoin Standard and Cantor is expected to close in the fourth quarter of 2025. The combined company will trade on the Nasdaq under the symbol "BSTR".
Yahoo
3 days ago
- Business
- Yahoo
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
(Reuters) -Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle. The company will merge with Cantor Equity Partners I, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald, which is chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. The move comes about four months after another Cantor-backed SPAC teamed up with Japanese technology investor SoftBank Group and Tether, the company behind the world's largest stablecoin, for a $3.6 billion crypto venture to buy bitcoin. Several public companies - including Trump Media & Technology, founded by U.S. President Donald Trump - are now buying cryptocurrencies amid a rally fueled by rising adoption and favorable regulatory changes. Bitcoin has gained over 26% this year and vaulted past $120,000 for the first time on Monday. The bitcoin holding trend started after the success of Michael Saylor's bitcoin acquirer Strategy, whose market value surged late last year as crypto prices jumped following Donald Trump's presidential election victory. Saylor pioneered the treasury approach, which involves hoarding the world's biggest cryptocurrency. As of July 14, Strategy held 601,550 units of bitcoin, making it the biggest corporate holder. Bitcoin Standard, which said it will go public with over 30,000 bitcoin on its balance sheet, will be the fourth largest listed bitcoin treasury, the company said. The U.S. House of Representatives is expected to soon pass a bill to establish a federal framework for stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg. The deal between Bitcoin Standard and Cantor is expected to close in the fourth quarter of 2025. The combined company will trade on the Nasdaq under the symbol "BSTR". Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
