Bitcoin Standard Treasury Company announces plans to release it in conjunction with Cantor Equity Partners -

Bitcoin Standard Finance Company (BTSR) Financial Services We are announcing plans to make it public by merging with Cantor Equity Partners, a special purpose acquisition company (SPAC) created by Titan Cantor Fitzgerald.

According to a new press release, BTSR Holdings will merge with Cantor Equity Partners as a means of public disclosure and will be released at the Ministry of Finance for 30,021 Bitcoin (BTC), making it the fourth largest public BTC Treasury in the market.

BTSR will also be launched at $1.5 billion and 5,021 BTC in private investments in public equity (PIPE) funding. This is the funds that a private investor gained when he purchases shares in a company that is not publicly available.

As stated in a press release, BTSR CEO and co-founder Adam Back,

“By securing both Fiat and Bitcoin funding on the first day, including the first round of conversion priority announced alongside the Bitcoin Treasury space merger, we have an unprecedented firepower behind a single mission: maximizing Bitcoin ownership while accelerating actual Bitcoin adoption.”

SPACS is a shell company that raises capital through its first public services (IPOs) with the aim of integrating with other companies.

In a recent report, Reuters said the move would cause the company to be listed on the NASDAQ Stock Exchange.

Bitcoin has traded at $118,782 at the time of writing, a slight decline in the last 24 hours.

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