According to Crypto Briefing, Bitcoin Standard Treasury Company (BSTR), led by Adam Back, plans to hold a shareholder vote for its SPAC merger on June 26. Cantor Equity Partners I has confirmed the voting date; if approved, the merged entity will list on Nasdaq under the ticker BSTR, with a balance sheet holding 30,021 BTC and up to $1.5 billion in PIPE financing, approximately $600 million of which will be contributed in-kind as 5,021 BTC.
Bitcoin Standard Treasury Company to Hold SPAC Merger Vote on June 26
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Summary
Bitcoin Standard Treasury Company (BSTR), led by Adam Back, will hold a shareholder vote on June 26 regarding its SPAC merger. Cantor Equity Partners I set the date, with the merged entity expected to list on Nasdaq as BSTR. The company holds 30,021 BTC and has secured up to $1.5 billion in PIPE financing, including $600 million in BTC (5,021 BTC) contributed in kind. This on-chain development represents a significant milestone for Bitcoin news and institutional exposure.
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