Summary
- Bitcoin (BTC) Standard Treasury Company (BSTR) said it is pursuing a listing as early as April through a SPAC merger with Cantor Equity Partners (CEPO).
- BSTR said it aims to hold more than 30,000 BTC at the time of listing, signaling a full-scale move toward a structure that holds large amounts of bitcoin as a strategic asset.
- If the listing goes through, it said the public-company model of holding bitcoin as a core asset could expand further.
Bitcoin (BTC) Standard Treasury Company (BSTR) is pursuing a listing as early as April through a SPAC merger with Cantor Equity Partners (CEPO).
According to CoinDesk, a digital-asset (cryptocurrency)-focused media outlet, BSTR aims to hold more than 30,000 BTC at the time of listing. This is interpreted as signaling a full-scale move toward a corporate structure that holds large amounts of bitcoin as a strategic asset.
BSTR is led by Adam Back, CEO of Blockstream. Back has been active in the early bitcoin development community and has emphasized a bitcoin-centered financial strategy.
If the listing goes through, the model of publicly listed companies holding bitcoin as a core asset could expand further.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
