Adam Back’s Bitcoin treasury company seeks new terms with Cantor for SPAC merger

The Bitcoin Standard Treasury Company and Cantor Equity Partners I announced that they were looking into amending the terms of a 2025 merger deal that “better reflected market conditions.”

The Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, wants to change the terms of its merger agreement with Cantor Equity Partners for a public offering.

According to a Wednesday announcement, BSTR and Cantor Equity Partners I, the special purpose acquisition company (SPAC) created by financial services giant Cantor Fitzgerald, scrapped the original terms of a 2025 merger agreement and will negotiate a new deal. Although the details were not included in the announcement, both companies said that they intended to negotiate terms that “better reflected market conditions.”

Source: BSTR