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BSTR will go public via SPAC, holding 30,021 Bitcoins, becoming the world's fourth largest Bitcoin treasury.
[比推] BSTR Holdings Inc. (BSTR) today announced that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). CEPO is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, a global leader in financial and real estate services. Upon completion of the merger, the combined company will trade under the ticker symbol BSTR.
BSTR will launch its balance sheet with 30,021 Bitcoins, aiming to become the world's fourth-largest publicly traded Bitcoin treasury. It also plans to secure up to $1.5 billion in PIPE (private investment in public equity) financing, which is the largest PIPE financing announced to date in connection with a Bitcoin treasury-related SPAC merger. In addition, the SPAC will contribute approximately $200 million extra depending on shareholder redemptions.