Adam Back's Bitcoin Treasury Firm to Go Public with 30K BTC and $1.5B ...
16 Articles
16 Articles
The well-known cryptographer Adam Back is expected to lead a new Bitcoin company to be listed on the stock market in the fourth quarter.
Bitcoin co-inventor Adam Back to launch public bitcoin treasury with Cantor Fitzgerald - The Maltese Herald
Various press reports have confirmed that Adam Back is in advanced discussions with Cantor Fitzgerald to form a new publicly traded bitcoin treasury company. The proposed structure would see Back merge his bitcoin treasury company Blockstream with a Cantor Fiztgerald affiliate into a new company called BSTR Holdings. Adam Back will be contributing up to 30,000 BTC to the treasury while Cantor Fiztgerald will be raising up to $800 million in inve…
Bitcoin Treasury Firm Announces $1.5B SPAC Deal to Go Public - USA Herald
BSTR Holdings Inc., a leading bitcoin investment company, today announced a definitive agreement with special purpose acquisition company Cantor Equity Partners I Inc. (CEPO) to go public via a landmark $1.5 billion SPAC deal. The transaction, guided by legal advisors Ellenoff Grossman & Schole LLP and Skadden Arps Slate Meagher & Flom LLP, marks the largest PIPE financing tied to a bitcoin treasury SPAC merger to date. BSTR Holdings is set to l…
Bitcoin Standard Treasury to Go Public via $1.5 Billion Cantor Fitzgerald SPAC Deal
Bitcoin Standard Treasury Company (BSTR) announced Thursday it will go public through a merger with Cantor Fitzgerald-backed SPAC Cantor Equity Partners I, in a deal featuring up to $1.5 billion in financing – the largest PIPE commitment ever announced for a Bitcoin treasury SPAC merger.The transaction will see BSTR launch with 30,021 Bitcoin on its balance sheet, making it the fourth-largest public corporate Bitcoin treasury worldwide. The comb…
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