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.

The FT reported on the plans earlier on Tuesday.

The new company’s ambitions include offering advisory, asset ...