Adam Back's $2.1 billion Bitcoin reserves play is set to challenge MARA in BTC holdings
The SPAC deal of Bitcoin Standard Treasury Co. combines fiat financing and a PIPE denominated in bitcoin, aiming to debut on Nasdaq with over 30,000 BTC and an aggressive growth plan.
Bitcoin Standard Treasury Co. (BSTR), a bitcoin treasury vehicle
BTC
$117,768.89
led by cryptography pioneer Adam Back, is considered a company with the mission of accelerating real adoption of bitcoin.
But it may be on track for another milestone: to become one of the largest corporate holders of bitcoin.$BTC