CoinVoice has learned that, according to the latest announcement from The Bitcoin Standard Treasury Company (BSTR), the company has completed an additional $65 million financing, equivalent to about 555 bitcoins (based on the current price of $116,750). This funding will be in place after the business combination between BSTR and CEPO is completed.
On July 17, BSTR Holdings Inc. announced that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). CEPO is a special purpose acquisition company (SPAC) initiated by affiliates of Cantor Fitzgerald, a leading global financial and real estate services holding company. Upon completion of the merger, the combined company will trade under the ticker 'BSTR'. BSTR will launch its balance sheet with 30,021 bitcoins, aiming to become the fourth largest publicly listed bitcoin treasury in the world. It also plans to raise up to $1.5 billion in PIPE (Private Investment in Public Equity) financing, which is the largest PIPE financing announced to date in connection with a SPAC merger involving a bitcoin treasury. Additionally, the SPAC will contribute approximately $200 million depending on shareholder redemptions. [Original link]
