According to the latest reports, the Bitcoin Standard Treasury Company (BSTR), led by renowned cryptocurrency expert Adam Back, is actively advancing its IPO plan. The company expects to receive shareholder approval as early as April. BSTR aims to achieve public listing through a merger with Cantor Equity Partners I, a move that could mark a significant milestone in the company's development.
In the latest disclosed information, BSTR plans to hold 30,000 Bitcoins on its balance sheet at the time of listing. Among them, 25,000 Bitcoins will be injected by Adam Back and other founding shareholders, while the remaining 5,000 Bitcoins will be contributed by early investors in kind.
Background of the Company's IPO
In recent years, the cryptocurrency market has continued to heat up, and more companies are seeking to go public through SPAC methods. BSTR's move not only reflects the market's further recognition of crypto assets, but also opens up new financing channels for the company's future development.
Bitcoin Reserve Plan
The planned 30,000 Bitcoin reserves demonstrate the company's long-term confidence in digital assets. The specific arrangements are as follows:
- 25,000 Bitcoins will be contributed by the company's founders and core team
- 5,000 Bitcoins will be contributed by early investors in kind
This reserve scale will not only help enhance the stability of the company's assets, but also provide a solid foundation for future business expansion.