#BitcoinSPACDeal SPAC agreement of $4 billion backed by Cantor Fitzgerald

A special purpose acquisition company (SPAC) backed by Cantor Fitzgerald is in advanced negotiations with Adam Back (of Blockstream), aiming to acquire around 30,000 BTC (approximately $3.5 billion).

Additionally, there are plans to raise another $800 million from external investors, bringing the total to nearly $4.3 billion.

If finalized, this entity could be renamed BSTR Holdings and would become one of the largest public Bitcoin treasuries in the world.

🔗 Source: FT.com

🟡 Bitcoin Standard will go public (Nasdaq)

Bitcoin Standard Treasury Company will also go public through another SPAC backed by Cantor.

It plans to hold over 30,000 BTC on its balance sheet, making it the fourth largest public BTC treasury, after companies like MicroStrategy.

The deal is expected to close in the fourth quarter of 2025 and list on the Nasdaq Stock Exchange.

🔗 Source: Reuters

🟢 Parataxis Holdings: $640 million SPAC deal

Parataxis, a firm specialized in Bitcoin asset management, will merge with the SPAC SilverBox Corp IV.

The deal has an initial value of $400 million, with the potential to increase to $640 million through a line of credit.

It is expected to list on the New York Stock Exchange (NYSE) under the symbol PRTX.