BSTR
Coverage of BSTR in the Nexus archive.
- Cantor SPAC and Adam Back’s Bitcoin Treasury Renegotiate Merger Terms, Vow New Structure
Cantor SPAC and Adam Back’s Bitcoin Treasury have agreed to renegotiate their merger terms, abandoning the original July 2025 agreement. The revised structure aims to align with current market conditions, with a postponed shareholder meeting and returned public shares. The original deal aimed to take Bitcoin Standard Treasury public with 30,021 bitcoin, valued over $3 billion, but faces challenges due to a slump in the bitcoin treasury model.
- Strategy sheds $216 million in Bitcoin in crypto hoarder’s largest sale ever
Strategy, a major Bitcoin hoarder, sold $216 million in Bitcoin in its largest crypto sale to date, citing the need to build cash reserves and avoid issuing more equity. The sale caused its stock to drop 5% initially, while Bitcoin's price fluctuated. The company, which previously emphasized accumulating Bitcoin, now faces market pressures amid broader crypto bearishness.
- Bitcoin treasury space still has fair share of ‘carnival barkers’: BSTR founder
BSTR co-founder Sean Bill criticizes Bitcoin treasury companies for lacking the ability to deploy Bitcoin, comparing the space to having 'carnival barkers.'