PANews February 24 News, according to CoinDesk, Adam Back-led Bitcoin Standard Treasury Company (BSTR) is advancing its IPO plan, expecting to obtain shareholder approval as early as April, and to go public through a merger with Brandon Lutnick’s Cantor Equity Partners I. BSTR plans to hold 30,000 Bitcoins on its balance sheet upon listing, with 25,000 coins contributed by Back and other founding shareholders, and 5,000 coins in physical form from early investors. Back told CNBC that a weakening Bitcoin price could be beneficial for BSTR’s listing, as lower reference prices allow the company to accumulate more Bitcoin at a discount, which could strengthen the balance sheet and increase long-term upside if market conditions improve. He attributed recent Bitcoin declines to macro factors such as geopolitical tensions and tariff uncertainties, rather than regulatory issues, stating that the current U.S. regulatory environment is favorable.
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