BlockBeats News: On July 17th, BSTR Holdings Inc. (BSTR) announced today that it has reached a final business merger agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). CEPO is a special purpose acquisition company (SPAC) initiated by an affiliate of Cantor Fitzgerald, a leading global financial and real estate services holding company. After the merger is completed, the merged company will be listed for trading under the stock code 'BSTR'.
BSTR will launch its balance sheet with 30021 bitcoins and is expected to become the fourth largest publicly traded Bitcoin treasury in the world. At the same time, it is also planned to obtain up to $1.5 billion in PIPE (Private Equity Public Offering) financing, which is the largest PIPE financing announced so far in the SPAC merger related to Bitcoin Treasury. In addition, SPAC will also contribute an additional approximately $200 million depending on shareholder redemptions.
