Bitcoin Standard Treasury Companyis announcing plans to merge with Cantor Equity Partners. Cantor Equity Partners is a Special Purpose Acquisition Company (SPAC), created by the financial services giant Cantor Fitzgerald.
According to a recent press release, BTSR Holdings is merging with Cantor Equity Partners to go public. It will launch its treasury with 30,021 Bitcoins (BTC), making it the 4th largest public BTC treasury in the market.
BTSR is also launching with $1.5 Billion and 5,021 BTC in private investment in public equity (PIPE) funding – funds that are earned by a person who purchases publicly-traded shares at a discounted price.
Adam Back, CEO and founder of BTSR in the press statement.
Shell companies are shell firms that seek to raise capital by way of initial public offerings.
Reuters reported that the company plans to list on Nasdaq.
Bitcoin has a value of $118.782 as I write this, which is a slight decrease from the previous 24 hours.
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The post Bitcoin Standard Treasury Company Announces plans to go public by combining with Cantor Equity Partners could be updated as new information becomes available.
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