Bitcoin Treasury firm BSTR announces completion of an additional $65 million funding round and will launch its Bitcoin treasury after the merger listing

According to ChainCatcher, Bitcoin treasury company The Bitcoin Standard Treasury Company (BSTR) has announced the completion of an additional $65 million in financing, equivalent to approximately 555 bitcoins (calculated at the current price of $116,750). These funds will be made available after the completion of the business merger between BSTR and CEPO.

On July 17, BSTR Holdings Inc. announced that it had reached a definitive business merger agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). CEPO is a special purpose acquisition company (SPAC) initiated 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 financing ever announced in a SPAC merger related to a bitcoin treasury. In addition, the SPAC may contribute an extra $200 million depending on shareholder redemptions.