Deep Tide TechFlow News, July 17, according to Businesswire, BSTR Holdings Inc. (BSTR) announced that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (Nasdaq: CEPO). Cantor Equity Partners I, Inc. is a special purpose acquisition company initiated by an affiliate of the financial services and real estate services holding company Cantor Fitzgerald.
Upon completion of the transaction, the combined company is expected to trade under the ticker symbol 'BSTR'. BSTR indicated that upon launch, its balance sheet will hold 30,021 bitcoins, making it the fourth largest publicly traded bitcoin reserve, with access to up to $1.5 billion in private equity investment post-IPO PIPE financing.
