A plan backed by Adam Back for BSTR to go public through Cantor Equity Partners I and become a Bitcoin treasury company has been terminated, according to a post from Bitcoin News on X cited by Odaily. The update did not provide additional reasons for the termination, but it did outline payment obligations tied to the arrangement. Under the disclosed terms, BSTR Holdings must pay $10 million to Cantor Equity Partners I by Sept. 19 and another $5 million by Dec. 1. If those payments are not made, Blockstream Capital Partners could be asked to make them instead. The brief disclosure focuses on the end of the SPAC-related plan and the deadlines that now face BSTR Holdings.
Bitcoin News said in a post on X that the Adam Back-backed BSTR plan to go public through Cantor Equity Partners I, a special purpose acquisition company, and become a Bitcoin treasury company has been terminated.
Under the disclosed terms, BSTR Holdings now needs to pay $10 million to Cantor Equity Partners I by Sept. 19 and another $5 million by Dec. 1. If those payments are not made, Blockstream Capital Partners could be required to pay on its behalf.
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