Bitcoin Standard Treasury Company to Go Public via SPAC Merger, Launching with 30,021 BTC as the Fourth-Largest Public Bitcoin Treasury
Bitcoin Standard Treasury Company (BSTR) has announced a definitive merger with Cantor Equity Partners to go public, entering the market with 30,021 Bitcoin on its balance sheet, making it the fourth largest public Bitcoin treasury. The deal includes up to $1.5 billion in PIPE financing, the largest ever in a Bitcoin treasury SPAC merger. Led by Blockstream CEO Dr. Adam Back and institutional investor Sean Bill, the transaction is expected to close in Q4 2025. Proceeds will be used to acquire additional Bitcoin and build Bitcoin-native capital markets solutions.

