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BSTR has merged with CEPO, obtaining approximately 30,000 BTC on its balance sheet.
BlockBeats News, July 17th, BSTR Holdings Inc. ("BSTR") today announced that it has entered into a definitive business combination agreement with Cantor Equity Partners I, Inc. (Nasdaq: CEPO). CEPO is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, a leading global financial and real estate services holding company. Upon completion of the merger, the combined company will be listed on the stock exchange under the symbol "BSTR".
BSTR will kick off its balance sheet with 30,021 bitcoins, poised to become the world's fourth-largest publicly traded Bitcoin treasury. It also plans to secure up to $1.5 billion in PIPE (Private Investment in Public Equity) financing, the largest PIPE financing announced in a Bitcoin treasury-related SPAC merger to date. Additionally, the SPAC will contribute approximately $200 million extra based on shareholder redemptions.
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