Bitcoin Standard Treasury Company, holding over 30,000 bitcoins, announced plans for a Nasdaq listing through a merger with Cantor Fitzgerald’s SPAC, reflecting the growing interest of institutional investors in cryptocurrencies.
Merger Plans and Nasdaq Listing
Bitcoin Standard Treasury Company reported on Thursday its plans to go public on Nasdaq through a merger with a special purpose acquisition company backed by Cantor Fitzgerald. The deal is expected to close by the fourth quarter of 2025, with the combined company to trade under the ticker BSTR.
Deal Structure and Company Assets
Bitcoin Standard will enter the public markets with approximately 30,021 BTC, a mix of existing holdings and new contributions through the transaction. This position will make it the fourth largest publicly traded bitcoin treasury. The deal is supported by a sizable PIPE financing package estimated to reach up to $1.5 billion.
Bitcoin Market and Strategic Risks
Bitcoin treasuries have been on the rise this year, as institutions increasingly view it as an alternative to sovereign debt. More than $11 billion has been invested into public and semi-public bitcoin treasuries since April. However, this strategy carries risks related to bitcoin’s price volatility and regulatory scrutiny.
The entry of Bitcoin Standard Treasury Company into the Nasdaq through a merger with Cantor Fitzgerald underscores the growing interest in bitcoin as an asset. Despite the associated risks of volatility and regulation, the company could secure a significant position in the digital asset market.
