PANews
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Bitcoin Standard Treasury: Will increase Bitcoin holdings to over 50,000
PANews August 16 news, according to CoinDesk, Bitcoin Standard Treasury (BSTR) led by cryptography pioneer Adam Back announced that it is preparing to go public on NASDAQ through a merger with Cantor Equity Partners (CEPO). Currently, it holds 30,021 BTC on its balance sheet and plans to increase its Bitcoin reserves to over 50,000.
If this goal is achieved, Bitcoin Standard Treasury is expected to surpass MARA Holdings (MARA) to become the second largest BTC holder after Strategy. As of now, MSTR, MARA, and BSTR together hold approximately 710,000 Bitcoins, accounting for about 3.38% of the fixed supply of 21 million Bitcoins.
If this goal is achieved, Bitcoin Standard Treasury is expected to surpass MARA Holdings (MARA) to become the second largest BTC holder after Strategy. As of now, MSTR, MARA, and BSTR together hold approximately 710,000 Bitcoins, accounting for about 3.38% of the fixed supply of 21 million Bitcoins.
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