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Bitcoin Reserve Company BSTR is preparing to merge and go public with CEPO, already holding over 30,000 BTC
BlockBeats News, August 16th, Bitcoin Standard Treasury Co. (BSTR) is preparing to go public through a merger with Cantor Equity Partners (CEPO) and is currently holding 30,021 bitcoins on its balance sheet, with plans to increase its holdings to over 50,000 bitcoins.
This would position it to surpass MARA Holdings (MARA) as the second-largest corporate bitcoin holder, following only MicroStrategy (MSTR). MARA holds over 50,600 bitcoins, while MicroStrategy holds close to 629,000 bitcoins.
Currently, MSTR, MARA, and BSTR collectively hold approximately 710,000 bitcoins, representing about 3.38% of the fixed supply of 21 million bitcoins. This transaction is expected to be completed in the fourth quarter, and the company will be listed on Nasdaq under the symbol BSTO. If the full financing is completed, BSTR will set a new record for corporate bitcoin treasuries, providing a model for other companies to integrate sound money with modern market tools.
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