Bitcoin Standard Treasury Delays SPAC Merger Vote Indefinitely; Revises Terms With Cantor

According to an official joint announcement, Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, indefinitely postponed its planned shareholder vote to merge with Cantor Equity Partners I. Both companies mutually agreed to abandon the original 2025 merger agreement and renegotiate terms to better reflect current market conditions.

Under the original proposal, BSTR was set to contribute more than 30,000 Bitcoin and approximately $1.5 billion in private investment in public equity (PIPE) financing to create one of the largest publicly traded Bitcoin treasury companies. The companies did not disclose details of the revised terms.