BSTR merges with 30,021 Bitcoins to go public, aiming to double its holdings.

[CoinWorld] On August 17th (UTC+8), on August 16th, Bitcoin Standard Treasury Co. (BSTR) announced that it will go public on Nasdaq through a merger with Cantor Equity Partners (CEPO). The company currently holds 30,021 Bitcoins, which includes 25,000 contributed by the founders and 5,021 provided by early investors. BSTR plans to raise up to $1.5 billion, aiming to expand its Bitcoin holdings to over 50,000 coins. The company will adopt an active financial management strategy and innovatively launch the first physical Bitcoin equity PIPE in the United States. The transaction is expected to be completed in the fourth quarter of 2025, at which point it will trade on Nasdaq under the code BSTO.