Cantor Fitzgerald and Adam Back Plan Potential Bitcoin Treasury Expansion Through SPAC Merger
The post Cantor Fitzgerald and Adam Back Plan Potential Bitcoin Treasury Expansion Through SPAC Merger appeared on BitcoinEthereumNews.com.
Cantor Fitzgerald-backed Bitcoin Standard Treasury Company (BSTR) is set to go public with a massive Bitcoin treasury exceeding 30,000 BTC, led by Bitcoin pioneer Adam Back. The SPAC merger with Cantor Equity Partners I (CEPO) will provide BSTR with over $1.5 billion in PIPE financing, positioning it as one of the largest publicly traded Bitcoin treasury firms. According to COINOTAG, Adam Back emphasized BSTR’s mission to “maximize Bitcoin ownership per share while accelerating real-world Bitcoin adoption,” highlighting a strategic blend of fiat and Bitcoin funding. BSTR’s public debut with 30,000+ Bitcoin and $1.5B financing marks a significant milestone in Bitcoin treasury firms, led by CEO Adam Back and Cantor Fitzgerald’s backing. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); BSTR’s Strategic SPAC Merger and Bitcoin Treasury Expansion The Bitcoin Standard Treasury Company (BSTR) is preparing to make a major impact on the crypto market by going public through a business combination with Cantor Equity Partners I (CEPO), a SPAC affiliated with Cantor Fitzgerald. This move will launch BSTR with a substantial Bitcoin treasury of 30,021 BTC, valued at over $3.5 billion, alongside a robust PIPE financing round exceeding $1.5 billion. The financing structure is diversified, including $400 million in common equity, up to $750 million in convertible notes, and $350 million in convertible preferred stock. These funds will be strategically deployed to acquire additional Bitcoin and develop Bitcoin-native capital…
Filed under: News - @ July 17, 2025 5:25 pm