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BSTR to launch with 30,021 Bitcoin, making it the 4th largest Bitcoin treasurywww.businesswire.com/news/home/20250717734598/en/Bitcoin-Standard-Treasury-Company-to-go-Public-Through-Business-Combination-with-Cantor-Equity-Partners-I-Inc.
197 sats \ 3 comments \ @Coinsreporter 15h bitcoin
BSTR to launch with 30,021 Bitcoin on its balance sheet — which would be the 4th largest public Bitcoin treasury — and up to $1.5 billion of PIPE financing, the largest ever PIPE announced in conjunction with a Bitcoin Treasury SPAC merger, with the SPAC contributing up to an additional ~$200 million, subject to redemptions
Read about the deal here: #1040879
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0 sats \ 0 replies \ @TheBTCManual 13h
Seed the company get a proportion of the shares, go public via a spac, dump shares on tradeFI..profit..
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0 sats \ 0 replies \ @byzantine 13h
man this is so sad. i am signaling my inner @Car and really starting to feel bummed at the way a lot of OGs are creating these securities out of btc holdings
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0 sats \ 0 replies \ @grayruby 14h
Blockstream and whales are seeding it so they aren't buying 30k Bitcoin. I am sure they will buy more down the road with the capital raised.
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