Bitcoin Standard Treasury scraps SPAC merger, stays private
- —The Cantor Equity Partners I deal was terminated on August 20, 2026
- —The listing was valued at about $4 billion with a 30,021 BTC balance sheet
- —Founders contributed 25,000 BTC; 5,021 BTC came via in-kind PIPE financing
- —The PIPE structure totaled up to $1.5 billion, including $400 million in common equity
Why it matters: Signals a rethink of the Bitcoin treasury company model and caution toward crypto public listings.
Source: Crypto Briefing