BSTR Holdings Inc. has entered into a definitive merger agreement with Cantor Equity Partners I, Inc. (Nasdaq: CEPO), a special purpose acquisition company (SPAC) sponsored by financial services firm Cantor Fitzgerald.
Upon completion of the merger, the combined entity will operate under the ticker symbol ‘BSTR’.
Critically, the post-merger company will hold 30,021 bitcoins within its treasury, positioning it as the fourth-largest publicly listed holder of bitcoin globally.
The transaction is supported by up to $1.5 billion in committed Private Investment in Public Equity (PIPE) financing. This represents the largest PIPE financing secured to date for a bitcoin-concentrated SPAC transaction.
Depending on the strategic direction determined by the merged entity, the SPAC may contribute approximately $200 million in addition to the PIPE capital.
This significant acquisition of bitcoin and substantial capital infusion creates a new contender among publicly traded corporations actively holding bitcoin as a treasury reserve asset, leveraging the SPAC structure for market entry.