Bitcoin News Today: Bitcoin Standard Treasury to Go Public with $3.5 Billion in Bitcoin

Bitcoin Standard Treasury Company, owned by early Bitcoin contributor Adam Back, has announced its plans to go public with a significant amount of Bitcoin on its balance sheet. The company, which was previously known as Blockstream Capital, revealed that it will merge with a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald. This merger will include the purchase of approximately 30,000 Bitcoins, valued at around $3.5 billion. The deal is expected to finalize in the fourth quarter of 2025, pending approval from the Board of Directors of both companies.

Following the merger, the company will be renamed BSTR Holdings. Both entities will raise an additional $800 million, bringing the total agreement value to over $4 billion. This deal is projected to reach $10 billion by 2025, combining purchases from Twenty One Capital, making it one of the largest Bitcoin acquisitions to date. Adam Back will serve as the Chief Executive Officer of BSTR, while Sean Bill, an experienced hedge fund investor, will join as the Chief Investment Officer.

BSTR’s strategy involves securing both fiat and Bitcoin funding to maximize Bitcoin ownership per share and accelerate real-world Bitcoin adoption. The company plans to use revenue from BSTR to acquire additional Bitcoin and develop digital asset products. The announcement disclosed that 25,000 BTC will be contributed by founding Blockstream Capital Partners shareholders, priced at $10 per share, with the remaining BTC issued in-kind PIPE also priced at $10 per share.

The company also revealed the first PIPE financing with a Bitcoin Treasury merger, which includes $1.5 billion in fiat financing and a $200 million contribution from the SPAC. The fiat contribution will consist of $750 million in convertible senior notes, $350 million in convertible preferred stock, and $400 million in common equity. BSTR aims to bring Bitcoin’s integrity to modern capital markets and provide advisory solutions for companies seeking BTC-based treasury strategies, as well as develop Bitcoin-denominated capital markets.

This move by BSTR follows a trend of public companies adding Bitcoin to their balance sheets, an initiative that began with Michael Saylor’s software firm. The company’s co-founder highlighted the support from Cantor Fitzgerald and the Bitcoin community, emphasizing the integration of the Bitcoin economy with traditional finance. The merger is part of a broader strategy to expand BSTR’s Bitcoin accumulation and provide advisory solutions for companies looking to adopt BTC-based treasury strategies.