Bitcoin Standard Treasury (BSTR) SPAC Merger Set for Shareholder Vote on June 26

BTC-4.18%
According to Crypto Briefing, Bitcoin Standard Treasury Company (BSTR), led by Adam Back, will hold a shareholder vote on June 26 to approve its SPAC merger with Cantor Equity Partners I and subsequent Nasdaq listing under ticker BSTR. The combined entity will hold 30,021 BTC on its balance sheet and secure up to $1.5 billion in PIPE funding, with approximately $600 million contributed in BTC form. The transaction was initially announced in July 2025 and originally scheduled for completion in Q4 2025 but was postponed due to market volatility and SPAC redemption pressures. If approved, the merger is expected to complete by the end of June.
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