CryptoCointelegraphabout 2 hours ago
Adam Back's Bitcoin treasury SPAC deal renegotiated
1 min read
Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, and Cantor Equity Partners I are scrapping their 2025 merger terms to negotiate a new deal that better reflects market conditions. The original agreement included over 30,000 Bitcoin and $1.5 billion in PIPE financing. A shareholder meeting was postponed indefinitely.
Level
Hype check
Tap to vote and see what everyone thinks.
