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Vote delay stalls Adam Back's Bitcoin treasury SPAC listing, now set for July 2.

Market News
25 Jun 2026, 02:26 WIB
BeInCrypto
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Neutral
Vote delay stalls Adam Back's Bitcoin treasury SPAC listing, now set for July 2.

Cantor Equity Partners I postponed the shareholder vote on its merger with Bitcoin Standard Treasury Company (BSTR) from June 26 to July 2. The merger would list Adam Back’s firm on Nasdaq with 30,021 Bitcoin, making it the fifth-largest public Bitcoin treasury. Back aims to raise up to $1.5 billion to buy more Bitcoin, potentially boosting BSTR to second place among public treasuries. The vote delay comes amid falling valuations for digital asset treasury companies and depends on shareholder redemptions before June 30, which could affect BSTR's buying power.

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