BSTR merges with CEPO, acquiring approximately 30,000 BTC on its balance sheet

BlockBeats News, July 17 — BSTR Holdings Inc. (“BSTR”) announced today that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). CEPO is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, a global leader in financial and real estate services. Upon completion of the merger, the combined company will be listed under the ticker symbol “BSTR.”

BSTR will launch its balance sheet with 30,021 bitcoins, positioning it to become the world’s fourth-largest publicly listed bitcoin treasury. The company also plans to secure up to $1.5 billion in PIPE (Private Investment in Public Equity) financing, marking the largest PIPE ever announced in a SPAC merger related to a bitcoin treasury. In addition, the SPAC may contribute approximately $200 million more, depending on shareholder redemptions.