Bitcoin Standard Treasury Company (BSTR) has announced plans to become a public company following a merger with Cantor Equity Partners I (CEPO). The merger will create one of the largest corporate Bitcoin treasuries in the world.
Public Debut Backed by Major Bitcoin Holdings
The merger agreement was signed on July 16. Once the deal is finalized, the new company will trade on Nasdaq under the ticker BSTR. BSTR aims to hold 30,021 Bitcoin and raise $1.5 billion in investment through private investment in public equity (PIPE).
Funding will come through a mix of equity, convertible securities, and direct Bitcoin contributions from trusted investors and founding shareholders.
Leaders of BSTR: Key Figures in BTC
Adam Back, a key figure in Bitcoin history and co-founder of Blockstream, will serve as CEO. He is known for creating Hashcash, the proof-of-work system referenced in Satoshi Nakamoto’s Bitcoin white paper.
Sean Bill, a veteran in institutional crypto investment, will also serve as Chief Investment Officer. He is recognized for supporting one of the first Bitcoin allocations by a U.S. public pension fund.
Merger: Bridging Traditional Finance and the BTC Economy
The merger has been approved by both the BSTR and CEPO boards. Finalization requires approval from CEPO shareholders and other standard conditions. CEPO will soon file necessary documents with the U.S. Securities and Exchange Commission, providing further details to investors and the public.
The merger of Bitcoin Standard Treasury Company with Cantor Equity Partners I marks an important step in the integration of Bitcoin into traditional financial structures and the expansion of corporate treasuries.
