Cantor Preps Second Bitcoin Treasury Company With 25,000 Tokens

An investment vehicle backed by Cantor Fitzgerald is working with Bitcoin pioneer Adam Back on a new treasury company in what would be the second such deal for the investment bank.

Blockchain infrastructure provider Blockstream Corp., where Back is a co-founder and its chief executive officer, is in talks to contribute around 25,000 Bitcoin — worth $3 billion at current prices — to the new company, according to people familiar with the conversations who asked not to be named discussing confidential plans.