Bitcoin Standard Treasury Company, led by Adam Back, has canceled its $4 billion SPAC merger with Cantor Equity Partners I, choosing to stay private due to unfavorable market conditions and repeated delays in shareholder votes. The company, which had amassed over 30,000 BTC valued at $3 billion, had planned a major Nasdaq debut but will now pause its public market ambitions. BSTR aims to revisit the merger when market and internal conditions improve, continuing its strategy of active Bitcoin management and yield generation rather than passive holding.
Bitcoin Standard Treasury Company’s decision to stay private comes as a backdrop to broader cryptocurrency market trends. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 29, 2026 02:51 WIB: out of 50 priced major cryptocurrencies, 10 rose and 39 fell today. Notable movers include AXS at Rp19.786 with a 7.22% decline, SUSHI at Rp4.488 down 7.19%, and GRT at Rp540 down 7.17%.
Morgan Stanley raised the price target for Reinsurance Group of America (RGA) to $295, implying a 16.7% upside from its current price of $252.85. The company reported a 42% increase in adjusted operating income to $746 million in H1, driven by its lo...
H.C. Wainwright raised Mirum Pharmaceuticals' price target from $140 to $195 following positive developments: the Phase 3 AZURE-1 trial for Brelovitug met its main goal for treating Chronic Hepatitis Delta Virus, and the FDA approved Atebrioz™ for Fi...
Kodiak Sciences reported successful Phase 3 trial results for its retinal disease treatments Zenkuda and tabirafusp-ted, showing vision improvements comparable to Regeneron's Eylea. Zenkuda allowed 54% of patients to maintain a six-month dosing inter...
Citigroup has maintained a Neutral rating on Regeneron Pharmaceuticals due to increasing competition in the ophthalmology sector. Kodiak Sciences reported positive Phase 3 trial results for its eye drugs, challenging Regeneron's key product, Eylea, e...
Zcash (ZEC) experienced a significant price decline of 9.63% over 24 hours, falling from $1,520 to $1,456 within one hour on September 28. This drop was accompanied by $6.5 million in long position liquidations across major exchanges Binance, Bybit, ...
