According to data from Bitcoin Treasuries.NET, the shareholder vote on the merger between Adam Back's Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I has been postponed again, with the new voting date set for July 10. The delay adds uncertainty to a deal that was previously expected to close in late June.
If the merger is completed, BSTR could acquire more than 25,500 bitcoins, valued at approximately $1.5 billion at current prices (based on an estimated $60,000 per BTC). This potential large-scale purchase could have a positive impact on Bitcoin market supply-demand dynamics and reflects growing institutional confidence in digital assets.
Adam Back, a pioneer in Bitcoin development and co-founder of Blockstream, has his fund's large accumulation moves closely watched by the market. Investors should monitor the outcome of the July 10 vote.