Bitcoin Standard Treasury Company (BTSR) is preparing to hit the public markets through a SPAC merger with Cantor Equity Partners, an affiliate of financial powerhouse Cantor Fitzgerald.
The move will see BTSR debut with over 30,000 BTC in its holdings, immediately positioning it as the fourth-largest Bitcoin-holding public company.
In addition to the sizable treasury, the firm will also launch with $1.5 billion and 5,021 BTC in PIPE financing — the largest such deal tied to a Bitcoin-focused entity. PIPE (Private Investment in Public Equity) transactions allow private investors to purchase shares in public offerings, often at favorable terms.
CEO Adam Back emphasized that the strategy is about one thing: increasing Bitcoin per share. “We’re combining fiat and BTC capital from day one to aggressively build Bitcoin exposure and push real-world adoption,” he said.
The merger underscores growing institutional appetite for Bitcoin as a treasury asset and sets a precedent for how digital asset companies may use SPACs to fast-track public listings. BTSR plans to list on Nasdaq, according to Reuters.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/btsr-to-become-fourth-largest-public-btc-holder-in-spac-merger/