Bitcoin Standard Treasury Co pursues NASDAQ listing through merger… “Aiming to increase Bitcoin holdings”
Summary
- Bitcoin Standard Treasury Co announced a plan to pursue a NASDAQ listing through a merger with Cantor Equity Partners.
- It reported plans to increase its Bitcoin holdings to over 50,000 BTC after the merger.
- If BSTR succeeds in the listing, it is expected to become the world's second-largest Bitcoin holding company.
Bitcoin Standard Treasury Co (Bitcoin Standard Treasury Co·BSTR) is pursuing a NASDAQ listing via a merger.
According to virtual asset (cryptocurrency) specialist media Phemex on the 17th (local time), BSTR plans to increase its Bitcoin holdings to over 50,000 BTC through a merger with Cantor Equity Partners (Cantor Equity Partners). Currently, BSTR holds 30,021 BTC.
If the merger is successfully completed, BSTR will become the second-largest corporate holder of Bitcoin after Strategy (formerly MicroStrategy·about 629,000 BTC). This would surpass the scale of MARA Holdings (MARA Holdings), which currently holds 50,600 BTC.
The merger is expected to be completed in the fourth quarter, and after the listing, the ticker will be traded as BSTO.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
