Adam Back's BSTR hit with $15M breakup fee as bitcoin ventures stumble
- —BSTR Holdings owes a $15 million breakup fee after its SPAC merger with Cantor Fitzgerald collapsed
- —Blockstream Mining faces lawsuits from partner Exacore over unpaid equipment, power and customer deposits
- —Financing tied to the mining business totals roughly $2 billion
- —Liquid Network lost about 4,000 BTC, with 3,400 BTC already returned
Why it matters: The setbacks across Adam Back's bitcoin ventures dent confidence in treasury and mining projects and raise fresh questions about Liquid sidechain security.
Source: PANews