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Bitcoin Standard Treasury cancels SPAC merger with Cantor Equity due to market shifts, exploring new terms.

Market News
08 Jul 2026
Crypto Briefing
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Bearish
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Bitcoin Standard Treasury Company has called off its planned SPAC merger with Cantor Equity Partners I, citing changing market conditions as the main reason. The original deal, announced in July 2025, would have created a major bitcoin treasury vehicle with over 30,000 BTC valued at $3 billion. The shareholder vote for Cantor Equity Partners I was postponed indefinitely, and private placements tied to the deal were halted. Both parties remain in talks to negotiate a new structure and terms, but currently, no deal is on the table, leaving investors cautious as shares trade near trust value.

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