By Ateev Bhandari and Arasu Kannagi Basil (Reuters) -Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle.

Cantor Equity Partners 1, a black-check company backed by Wall Street firm Cantor Fitzgerald, is reportedly in advanced talks with crypto trading group Blockstream Capital's founder, Adam Back, to acquire roughly $4B worth of bitcoin.

A $4B SPAC deal between Cantor and Blockstream signals the rise of Bitcoin treasury companies engineered for direct accumulation and market scale.

Brandon Lutnick, the 27‑year‑old son of Commerce Secretary Howard Lutnick, is preparing to finalize roughly a $4 billion deal with bitcoin innovator Adam Back to build up a significant position in the digital currency.

Cantor Fitzgerald, the financial services firm led by Howard Lutnick, is close to finalizing a massive $4 billion deal to acquire Bitcoin through a SPAC.

Financial Times reported today that Cantor Fitzgerald, LP is close to a $4 billion SPAC deal that would aim to acquire billions of dollars worth of bitcoin, signaling one of the largest bitcoin and other crypto purchases ever made by a Wall Street linked firm.

The deal would position Cantor as a major Bitcoin buyer, expanding its SPAC-led crypto strategy amid renewed political support.

Cantor Fitzgerald is reportedly planning a $3.5 billion Bitcoin purchase from Adam Back's Blockstream Capital via SPAC deal.

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.

Brandon Lutnick in late-stage talks with Adam Back in latest move to use blank cheque vehicles to buy the cryptocurrency

Under the deal, the Cantor Equity Partners 1 shell company would acquire 30,000 BTC from Back in exchange for shares, the Financial Times reported.