Bitcoin Standard Treasury Company (BSTR) announces its upcoming listing with over 30,000 Bitcoin in its fund, becoming one of the largest publicly traded Bitcoin vault companies in the world.
BSTR will merge with the investment company backed by Cantor Fitzgerald, expected to be completed in Q4 2025. This transaction helps expand the strategy to buy Bitcoin with a total value exceeding $4 billion, illuminating the integrated future between the cryptocurrency market and traditional finance.
MAIN CONTENT
BSTR owns over 30,000 BTC, expected to become the fourth-largest publicly traded Bitcoin vault company in the world.
The merger transaction will inject an additional $800 million, raising the total value to over $4 billion and aiming for $10 billion by 2025.
Traditional financial companies are increasingly ramping up Bitcoin accumulation, expanding the connection between the crypto market and finance.
What company is BSTR and why are they gaining attention in the Bitcoin industry?
With over 30,000 Bitcoin on its balance sheet, BSTR is quickly becoming one of the largest public capital funds in the cryptocurrency sector. Adam Back, an early pioneer who contributed to Bitcoin and co-founder of BSTR, is now the CEO, reinforcing the resources and highly specialized strategic vision for the business.
BSTR Holdings is the renamed version of Blockstream Capital after the merger, while also planning to issue shares worth $800 million, raising the total transaction value to over $4 billion. According to the Financial Times, this is a deal expected to be completed in Q4 2025.
What is BSTR's strategy for expanding Bitcoin purchases?
According to official information, BSTR is expected to issue shares at $10 per share corresponding to 25,000 BTC contributed by founding shareholders from Blockstream Capital. The remainder, known as PIPE (private investment in public equity), will also be valued similarly.
“Achieving capital from both fiat and Bitcoin from the outset has laid an unprecedented foundation of strength with a singular mission: to maximize Bitcoin ownership per share while promoting Bitcoin acceptance in the real economy.”
– Adam Back, Co-founder and CEO of BSTR, July 2025.
BSTR is committed to using revenue from business operations to continue purchasing more Bitcoin and developing digital asset products, affirming a long-term commitment to the DeFi market.
Who are the partners and leading roles in the BSTR deal?
Sean Bill, a veteran investor in the hedge fund industry, has been appointed as the Chief Investment Officer (CIO) of BSTR, ensuring effective investment strategy and professional risk management. Meanwhile, the backing from Cantor Fitzgerald – a reputable global financial services firm – enhances the credibility of the deal.
What is the market and the reaction from the traditional finance community?
Brandon Lutnick, Chairman of Cantor Fitzgerald, emphasizes that this transaction marks a historic step in restructuring the Bitcoin economy to integrate with traditional finance. The event occurs against the backdrop of more than 142 publicly listed companies holding Bitcoin with a total value of up to $112 billion (according to bitcointreasuries.net).
In addition, Cantor Equity Partners is also ready to launch the 21 Capital fund with $3.9 billion in funding from giants like Tether, SoftBank, and Bitfinex, expected to accumulate about 42,000 BTC.
“We are witnessing a new era as public companies step into Bitcoin vaults, reinforcing Bitcoin's position not just as a digital asset but also as an indispensable part of modern financial portfolios.”
Brandon Lutnick, Chairman of Cantor Fitzgerald, 2025
Compare the value and strategy of BSTR with other Bitcoin vault businesses.
Company Bitcoin (BTC) Estimated Value (billion USD) Chairman/CEO Main Strategy BSTR Holdings 30,021 ~3.5 Adam Back (CEO) Large-scale purchases, IPO, PIPE share issuance 21 Capital (Cantor Equity Partners) 42,000 (expected) ~4.2 Brandon Lutnick (Chairman) Investment fund, large accumulation, traditional financial support MicroStrategy ~140,000 ~16 (market estimate) Michael Saylor (Chairman) Long-term accumulation purchases, public detailed reporting
Frequently Asked Questions
What is BSTR and how many Bitcoins are on its balance sheet?
BSTR is a public Bitcoin vault company that owns over 30,000 BTC, expected to be listed with a value of approximately $3.5 billion, according to the official announcement in 2025.
When will the BSTR merger be completed?
The merger between BSTR and the investment company backed by Cantor Fitzgerald is expected to be completed in Q4 2025.
Who is the CEO of BSTR and what is his role?
Adam Back is the CEO and co-founder of BSTR, bringing strategic vision and extensive experience in the cryptocurrency industry to the management of company growth.
What does BSTR's financial strategy focus on?
BSTR focuses on purchasing more Bitcoin, developing digital products, and building consulting solutions for businesses regarding Bitcoin vault management.
How does the cryptocurrency market react to the BSTR deal?
The deal is seen as a positive step, expanding the connection between traditional finance and the Bitcoin economy, promoting broader acceptance of cryptocurrency.
Source: https://tintucbitcoin.com/bstr-cua-adam-back-sap-niem-yet/
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