Adam Back Injects 30K BTC to Fuel Institutional Bitcoin Push

Cantor Equity Partners 1 (CEPO) — a firm focused on Bitcoin treasury strategy — surged 25% in value following a report from the Financial Times that Bitcoin OG Adam Back is preparing to inject 30,000 BTC (worth approximately $3.5 billion) into CEPO as part of an investment deal.

Rather than selling his Bitcoin, Back will exchange the BTC for equity in the firm, which is expected to be renamed BSTR Holdings. CEPO is also raising an additional $800 million to expand its Bitcoin holdings.

CEPO Surges 25% on Adam Back’s 30K BTC Crypto Deal

1. Not a “Cash-Out” Move

Contrary to speculation that Back is exiting his position, CoinDesk analyst James Van Straten emphasized:

“This deal isn’t a cash-out — it’s a strategic move by Adam Back to push Bitcoin deeper into traditional finance through institutional investment vehicles.”

Back — known for his foundational contributions to Bitcoin through Hashcash technology — is reportedly leveraging both his BTC holdings and personal capital to support companies focused on Bitcoin treasury strategies, effectively helping transition BTC from crypto-native circles to Wall Street.

2. Deal Overview:

•  - BTC amount: 30,000

•  - Estimated value: ~$3.5 billion

•  - In exchange for: Equity in CEPO

•  - New entity name: BSTR Holdings

•  - Next target: Raise another $800 million to buy more BTC