Bitcoin Standard Treasury Prepares Nasdaq Merger

Bitcoin Standard Treasury (BSTR), led by Adam Back, plans a Nasdaq listing through a merger with Cantor Equity Partners, increasing its BTC holdings from 30,021 to over 50,000.

This move positions BSTR to overtake MARA Holdings as the second-largest BTC holder, highlighting Bitcoin’s growing role in corporate treasuries and market impact strategies.

Bitcoin Standard Treasury Targets 50,000 BTC Through Nasdaq Merger

Bitcoin Standard Treasury (BSTR), led by Adam Back, is set to go public on Nasdaq by merging with Cantor Equity Partners. This move, intended to bolster its Bitcoin reserves to over 50,000 from the current 30,021 BTC, could position BSTR as the second-largest Bitcoin holder.

This strategic plan underscores BSTR’s commitment to positioning Bitcoin as a core corporate treasury asset. Adam Back emphasized, “Our goal is to set the global benchmark for sovereign-grade bitcoin treasury solutions, while leveraging capital markets to unlock large-scale accumulation and utility for state and corporate treasuries.” The merger with Cantor Equity Partners is supported by substantial PIPE financing, amounting to $1.5 billion.

Market reactions have centered on BSTR’s ambitious Bitcoin accumulation strategy, with analysts keenly observing potential shifts in Bitcoin market dynamics. Adam Back’s vision, particularly his comment about setting “the global benchmark for sovereign-grade bitcoin treasury solutions,” has been highlighted in discussions. Despite such interest, no major public statements from other key opinion leaders or regulatory bodies have been observed.

Bitcoin Holdings Race: BSTR to Surpass MARA with $1.5B Financing

Did you know? Bitcoin Standard Treasury’s target to surpass MARA Holdings in BTC reserves may realign the competitive dynamics among corporate Bitcoin treasuries, further emphasizing Bitcoin’s prominence in corporate financial strategy.

As of August 16, 2025, Bitcoin (BTC) maintains a price of $117,870.32 and a market cap of $2.35 trillion, according to CoinMarketCap. Recent trading activity shows a 0.44% rise in 24 hours, while the trading volume decreased by 20.69%. BTC’s circulating supply is reported at 19,907,190.

The Coincu research team indicates that BSTR’s Nasdaq listing and enhanced Bitcoin holdings could drive further institutional interest in Bitcoin as a treasury asset. Historical trends suggest that significant corporate bitcoin acquisitions often prelude higher volatility in BTC’s price, potentially inviting increased regulatory scrutiny or broader market adaptation.