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Adam Back

Market News
01 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Adam Back, a figure cited in the Bitcoin whitepaper, is launching Bitcoin Standard Treasury (BSTR) to generate conservative returns on Bitcoin holdings. BSTR plans to use traditional capital market strategies like covered options and market making, rather than DeFi yield farming, aiming to become a major publicly traded Bitcoin treasury vehicle. The company will debut with approximately 30,021 BTC, valued at over $3 billion, and has secured additional financing commitments, with plans to go public on Nasdaq via a SPAC merger.

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