A Bitcoin Standard Treasury (BSTR) is not a common startup. It represents a new model in the cryptocurrency market: that of a "Bitcoin treasury". Instead of focusing on mining or developing technologies, the main objective of BSTR is to have Bitcoin as its primary reserve asset. The company seeks, in a transparent manner, to buy and hold large volumes of the cryptocurrency.
To achieve this goal, BSTR is merging with a SPAC (special purpose acquisition company) called Cantor Equity Partners I. This merger will allow BSTR to go public on Nasdaq, one of the largest stock exchanges in the world.
This movement is significant for two main reasons:
Access to the stock market: The merger with the SPAC allows BSTR to become a publicly traded company more quickly and with less bureaucracy than a traditional IPO. This gives investors a new way to expose themselves to the price of Bitcoin without needing to buy the cryptocurrency directly on an exchange.
Transparency and trust: By becoming a publicly traded company, BSTR will be required to disclose its financial statements and operations. This can generate more trust for large investors, such as pension funds and corporations, who are looking for a regulated way to invest in Bitcoin.
3- The expectation is that the merger, if completed, will transform BSTR into one of the largest public holders of Bitcoin in the world, consolidating the idea that the digital asset can be a store of value for the traditional financial market.
