Bitcoin Standard Treasury Company (BTSR) is going public by merging with Cantor Equity Partners, a SPAC (special purpose acquisition company) backed by Cantor Fitzgerald.
A Big Bitcoin Treasury
This merger will create a publicly traded company holding a massive 30,021 Bitcoin (BTC), making it one of the largest publicly held Bitcoin treasuries. The deal also includes a whopping $1.5 billion and an additional 5,021 BTC in PIPE (Private Investment in Public Equity) financing – the largest ever for a crypto company by market cap.
CEO’s Statement
BTSR CEO Adam Back stated that this combined fiat and Bitcoin funding will focus on increasing Bitcoin ownership per share and boosting real-world Bitcoin adoption.
Nasdaq Listing Planned
Reuters reports that the company plans to list on the Nasdaq stock exchange. At the time of writing, Bitcoin is trading around $118,782.
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in cryptocurrencies is risky. Do your own research before making any investment decisions.
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