According to ChainCatcher news, Bitcoin Standard Treasury Co. (abbreviated as BSTR) is preparing to go public on Nasdaq through a merger with Cantor Equity Partners (CEPO). It currently holds 30,021 bitcoins on its balance sheet and plans to increase its holdings to over 50,000 bitcoins.
This means it is expected to surpass MARA Holdings (MARA) to become the second largest corporate bitcoin holder, following MicroStrategy (MSTR). MARA holds over 50,600 bitcoins, while MicroStrategy's holdings are close to 629,000 bitcoins.
Currently, MSTR, MARA, and BSTR collectively hold approximately 710,000 bitcoins, accounting for about 3.38% of the fixed supply of 21 million bitcoins. This transaction is expected to be completed in the fourth quarter, and the company will be listed on Nasdaq under the BSTO code. If the financing is fully completed, BSTR will set a record for corporate bitcoin treasury size and provide a model for other companies to combine sound money with modern market tools.
