Bitcoin Standard Treasury Goes Public With Over 30,000 BTC

What is the Bitcoin Standard Treasury Reserve?

Bitcoin Standard Treasury Company (BSTR), a digital asset management company led by Blockstream founder Adam Back, has announced plans to go public through a merger with Cantor Equity Partners I (CEPO), a special purpose acquisition company (SPAC) owned by financial services firm Cantor Fitzgerald. The transaction will bring BSTR to Nasdaq with over 30,000 Bitcoin (BTC) on its balance sheet, worth approximately $3.5 billion at the current price of $118,000/BTC, along with $1.5 billion in private equity funding from a public offering (PIPE). The move marks a turning point in the institutionalization of Bitcoin, and positions BSTR as the world’s fourth-largest public Bitcoin treasury.

The public listing with 30,021 BTC and $1.5 billion PIPE is a major milestone, placing BSTR in the list of major Bitcoin treasury firms, behind only Strategy (601,550 BTC), Marathon Digital Holdings (26,500 BTC), and Twenty One Capital (42,000 BTC).

With an estimated total Bitcoin asset value of $3.5 billion, plus $1.5 billion from PIPE, BSTR will launch with a financial resource exceeding $5 billion, creating a solid foundation to expand its accumulation strategy and develop financial products related to Bitcoin. This event also enhances the reputation of BSTR, with the leadership of Adam Back, who is considered one of the pioneers in the Bitcoin community thanks to his role in creating Hashcash - the predecessor of the proof-of-work mechanism.

Listing Strategy with 30k BTC Treasury

The listing strategy offers several important benefits. First, with 30,021 BTC, BSTR can generate passive income through staking or lending on DeFi protocols, although Bitcoin currently does not support direct staking on the blockchain.

However, the company could leverage third-party platforms or develop innovative financial products to generate yield, similar to what companies like SharpLink Gaming (staking ETH) are doing. The value of BSTR’s Bitcoin assets, if they reach $150,000/BTC as some analysts predict, could rise to $4.5 billion, generating significant unrealized profits .

Second, the $1.5 billion PIPE—which includes $400 million in common stock, $750 million in convertible notes, and $350 million in preferred stock—provides BSTR with the financial firepower to buy more Bitcoin and develop Bitcoin-native financial advisory services. This puts BSTR in competition with big players like Strategy ($64 billion in Bitcoin portfolio) and Marathon Digital ($3.1 billion). Finally, a Nasdaq listing backed by Cantor Fitzgerald could attract institutional investors, turning BSTR into a Bitcoin proxy on the stock market.

Conclude

The public listing of Bitcoin Standard Treasury with over 30,000 BTC and $1.5 billion in backing via Cantor SPAC is a strategic move that reflects a strong belief in Bitcoin’s potential as a reserve asset in the new era. Under the leadership of Adam Back and the backing of Cantor Fitzgerald, BSTR has not only strengthened its financial position but also positioned itself as a pioneer in the institutional trend. However, the risks of price volatility, dilution of shares, and regulation require careful management. This event is not only a milestone for BSTR but also a testament to the maturity of Bitcoin in global finance, opening a new era for crypto treasuries.

Disclaimer: The information presented in this article is the author's personal opinion on the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in the article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.

Compiled and analyzed by HCCVenture

Join HCCVenture here: https://linktr.ee/holdcoincventure

See more latest information :