BSTR to Launch With 30,021 BTC, Becomes 4th Largest Public Bitcoin Holder

BSTR Holdings Inc. is set to become the fourth-largest public holder of Bitcoin, announcing it will launch with 30,021 BTC on its balance sheet as part of its public debut.

The company will go public through a business combination with Cantor Equity Partners I, Inc., a SPAC sponsored by an affiliate of Cantor Fitzgerald.

The move marks one of the most significant Bitcoin treasury events in recent memory. Led by Blockstream CEO Dr. Adam Back, BSTR has also secured up to $1.5 billion in PIPE financing, the largest amount ever raised for a Bitcoin Treasury SPAC merger. The SPAC itself will contribute an additional $200 million, pending redemptions.

Strategic bet on Bitcoin as a treasury asset

With 30,021 BTC, BSTR’s Bitcoin holdings would trail only MicroStrategy, Marathon Digital, and Hut 8 among public companies. The firm’s structure as a dedicated Bitcoin treasury vehicle positions it to attract institutional interest and amplify Bitcoin’s role as a corporate reserve asset.

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The public listing is expected to trade under the ticker symbol BSTR, and comes amid growing momentum in the institutional crypto space following the rise of Bitcoin and Ethereum ETFs.

This business combination not only marks a milestone in corporate Bitcoin adoption, but also underscores the evolving role of SPACs in bringing large-scale crypto treasury strategies to public markets.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.