Bitcoin pioneer Adam Back's BSTR plan to launch in April, holding 30,000 Bitcoins

CycleProphet · 2026-02-24T15:26:37+00:00

Bitcoin Standard Fiscal Company (BSTR) CEO Adam Buck stated that despite Bitcoin's price dropping to $63,000, the company still plans to merge with Cantor Equity Partners I and go public, with shareholder approval expected in April of this year. BSTR will debut with 30,000 Bitcoins as assets, and the current low price helps the company further accumulate Bitcoin. Buck believes the price decline is mainly due to macroeconomic uncertainty.

CycleProphet

2026-02-24 15:26:37

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Deep Tide TechFlow News, February 24 — According to CoinDesk, Adam Back, CEO of Bitcoin Standard Treasury Company (BSTR), stated that despite the recent drop in Bitcoin price to around $63,000, the company still plans to go public through a SPAC merger with Cantor Equity Partners I (CEPO), with shareholder approval expected as early as April this year. BSTR will showcase an asset portfolio of 30,000 Bitcoins, with 25,000 provided by Back and founding shareholders, and 5,000 contributed in physical form by early investors. Back believes that the current lower Bitcoin prices are actually advantageous for accumulating more Bitcoin at a discount after going public. He attributes the recent decline in Bitcoin to macroeconomic uncertainty rather than regulatory issues.

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