Odaily Planet Daily reports that Adam Back-led Bitcoin Standard Treasury Company (BSTR) is advancing its IPO plans, expecting to obtain shareholder approval as early as April. The company aims to go public through a merger with Brandon Lutnick’s Cantor Equity Partners I. BSTR plans to hold 30,000 Bitcoin on its balance sheet at the time of listing, with 25,000 coins contributed by Adam Back and other founding shareholders, and 5,000 coins funded by early investors in physical assets. (CoinDesk)
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Adam Back: BSTR shareholders may approve the listing as early as April
Odaily Planet Daily reports that Adam Back-led Bitcoin Standard Treasury Company (BSTR) is advancing its IPO plans, expecting to obtain shareholder approval as early as April. The company aims to go public through a merger with Brandon Lutnick’s Cantor Equity Partners I. BSTR plans to hold 30,000 Bitcoin on its balance sheet at the time of listing, with 25,000 coins contributed by Adam Back and other founding shareholders, and 5,000 coins funded by early investors in physical assets. (CoinDesk)