🗣️The Bitcoin Standard Treasury Company (BSTC) , backed by Adam Back, officially terminated its planned $1.5 billion merger with the special-purpose acquisition company Cantor Equity Partners I (CEPO) on Aug 20, 2026.
🚨Deal Breakdown & Termination Details
🌹Original Plan (July 2025)
Aimed to take BSTR public with over 30,021 BTC on its balance sheet alongside up to $1.5 billion in PIPE financing.
🌹Reason for cancellation
• Persistent downward pressure on Bitcoin
valuations
• Challenging market conditions
• Capital market dislocation
that restricted the efficient use of convertible instruments
🌹Termination fee
BSTR Holdings owes Cantor Equity Partners I a $15 million cash settlement split into two payments
* $10 million due to September 19, 2026
* $5 million due to December 1, 2026
( with Blockstream Capital Partners potentially stepping in to cover if needed )
🌹Future Outlook
• BSTR has opted to continue executing its
Bitcoin Strategy Privately
• Rather than persue an immediate public listing
through the SPAC vehicle
#BSTREndsCantorSPACGoPublicPlan
$BTC
$BNB
$ETH
🚨Deal Breakdown & Termination Details
🌹Original Plan (July 2025)
Aimed to take BSTR public with over 30,021 BTC on its balance sheet alongside up to $1.5 billion in PIPE financing.
🌹Reason for cancellation
• Persistent downward pressure on Bitcoin
valuations
• Challenging market conditions
• Capital market dislocation
that restricted the efficient use of convertible instruments
🌹Termination fee
BSTR Holdings owes Cantor Equity Partners I a $15 million cash settlement split into two payments
* $10 million due to September 19, 2026
* $5 million due to December 1, 2026
( with Blockstream Capital Partners potentially stepping in to cover if needed )
🌹Future Outlook
• BSTR has opted to continue executing its
Bitcoin Strategy Privately
• Rather than persue an immediate public listing
through the SPAC vehicle
#BSTREndsCantorSPACGoPublicPlan
$BTC
$BNB
$ETH