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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
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Adam Back invested 30,000 BTC into CEPO, the stock surged by 25%.
Cantor Equity Partners I (CEPO) rise to the sky to nearly 15 USD this morning in America, up 25% from the level of 12 USD after news that Adam Back – a Bitcoin pioneer – invested in this company. According to Financial Times, Back will contribute 30,000 BTC ( worth nearly 3.5 billion USD) from personal assets and Blockstream Partners, in exchange for equity in CEPO, a company expected to be renamed BSTR Holdings.
CEPO is also raising an additional 800 million USD to buy more BTC. According to expert James Van Straten from CoinDesk, this move is not aimed at taking profits but reflects Back's long-term vision of making Bitcoin a core asset in the traditional financial investment portfolio.
CEPO is a SPAC company specializing in Bitcoin reserve strategies, operated by Brandon Lutnick – Chairman of Cantor Fitzgerald and the son of former Commerce Secretary during Trump.