• Adam Back’s BSTR moving forward with public listing plans, hopes for April approval Back remains optimistic despite the brutal price action in bitcoin and BTC treasury companies. • What to know: Led by bitcoin pioneer Adam Back, Bitcoin Standard Treasury Company (BSTR) is seeking shareholder approval as early as April to go public via a SPAC merger with Cantor Equity Partners (CEPO) Back said macro uncertainty, not regulation, is behind bitcoin’s recent slide. • Undaunted by the plunge in bitcoinBTC$65,065.42and the even worse price action for bitcoin treasury companies, Adam Back, the CEO of Bitcoin Standard Treasury Company (BSTR), says shareholder approval for a public listing could come as soon as April. • The public listing would come via a SPAC merger with Brandon Lutnick’s Cantor Equity Partners I (CEPO). • BSTR intends to debut with 30,000 bitcoin on its balance sheet. • Of that total, 25,000 coins will be contributed by Back and other founding shareholders.

Article Summaries:

  • Bitcoin pioneer Adam Back’s Bitcoin Standard Treasury Company (BSTR) is advancing plans to go public through a SPAC merger with Cantor Equity Partners (CEPO), seeking shareholder approval as early as April. BSTR intends to debut with 30,000 BTC on its balance sheet-25,000 BTC from Back and other founders and 5,000 BTC from early investors. Despite Bitcoin’s recent slide to $63,000 and the erosion of many crypto‑treasury firms, Back remains optimistic, attributing the decline to macro‑economic uncertainty rather than regulatory risk. He argues that a lower entry price could strengthen BSTR’s balance sheet and position it for long‑term upside.

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