“Bitcoin Standard Treasury Co.’s Spaac Deal Combines FIAT FINANCING AND A BITCOIN-Denominated Pipe, Aiming to DEBUT ON The NASDAQ with 30,000 BTC and an Aggressive Growth Plan.”, – WRITE: www.coindesk.com
Treasury Vehicle Led by Cryptography Pioneer Adam Back, SEES ITSELF as A Company with A Mission to Accelerate Real-World Bitcoin Adoption.
But It Might Be Setting Out on Another Milestone: Become One of the Biggest Corporate Bitcoin Holders.
The Company, Which Is Preparing to Go Public On Nasdaq by Mringing with Cantor Equity Partners (Cepo), Already Has 30.021 BTC On Its Balance Sheet, With Plans To.
This Will Set at the Path of Potentilly Overtaking Mara Holdings (Mara) As the Second-Largest Corporate Holder of BTC Behind Strategy. Mara have more than 50,600 BTC, accounting to bitcointreasuries.net. Strategy have just under 629,000.
Currently, Mstr, Mara, and Bstr Collectively Hold Roughly 710,000 Bitcoin, WHICH REPRESENTS ABOUT 3.38% of Bitcoin’s Fixed Suppply of 21 Million.
‘Liquidity, Security, and Scale’Unlike Some Corporate Treasuries That Sit On Bitcoin Passiely, Bstr Intends to Use Techniques That Include Selling Puts to Acumulalate Btc at Lower Prices with Regulated Tri-Party Custodians.
“We’re not interested in chasing defi yield or differential risk risk we can. “Bitcoin Was Created As Sound Money and Bstr is Being Created to Bring that Same Integrity to Modern Capital Markets.”
The Spaac Deal with Cantor Combines, for the first time, the Traditional Wall Street Finet Finance with A Bitcoin-Denominated Private Placement of Equity (Pipe).
In Addition to 25,000 BTC Contributed by the Company’s Founders, Another 5.021 BTC Will Be Raised From The Bitcoin Community.
The Company is Also Raising Up to $ 1.5 Billion in Fiat Financing, The Largest Pipe Ever AnnounCed Alongside A Bitcoin Treasury Spaac Merger.
- $ 400 Million in Common Equity AT $ 10 Per Share.
- Up to $ 750 Million in Convertible Senior Notes (30% Conversion Premium, $ 13 per Share).
- Up to $ 350 Million in Convertible Preferred Stock with A 7% Dividend and A $ 13 Per Share Equivalent Conversion Price.
CEPO COURKAK ADD UP TO $ 200 Million from Its Trust, Subject to Redemptions.
“By securing bot fiat and bitcoin Funding on day One, we are putting unprecedated Firepower behind a saline
A first for bitcoin treasuriesThe In-Kind Pipe ALLOWS INVESTORS TO DELIVER BTC AT CLOSING AND PETENTILY CAPTURE UPSIDE BEFORE SETTLEMENT. Back Said The Approach Was Designed to Appeal To Both Crypto-Native Players and Traditional Managers Secking Exposure Without Waiting for Post-Close Market Buys.
The FIRM CIO SEAN BILL, WHO PREVIUSLY HELPED A US PENCION FUND MAKE ONE OF THE FIRST INSTITUATIONAL ALLOCATIONS TO BTC, SAID The Strategy Resenged with Tradhh Tradel. “We’re Building The Berkshire Hathaway (Brk) Of Bitcoin, An Actiely Managed Treasury that Will Pursue Yield and Alpha Strategies, and Strategic Acquisitions WitHin.
“We’re flipping the script on Wall Street as we seek to fuse Bitcoin into Finance and Capital Markets, unlike other Treasury companies we’re not coming to Wall Street seeking fiat currency to buy Bitcoin, We’re Showing Up with A 25,000 Bitcoin Commitment and More Importly We Issued The FIRST Ever Bitcoin in Kind Equity Pipe in the United States, Raising Anthher 5.021 Bitcoins Frome Ogins Frome Bitcoin to Wall Street.
Bridging Bitcoin and Wall StreetThe Leadership Team Sees Bstr As A Bridge Between the Bitcoin EcoSystem and Institutional Capital Markets.
“We’re Bringing The Traders, We’re Bringing The Bitcoiners to Wall Street,“ Back Said, Noting The Potential for the Us Market’s Liquidity to Amplify the Success of Bitcoin Europe.
The Deal is Expert to Close in the Fourth Quarter, with the Company Trading Under the Reserved Ticker BSTO. If the raise is fully subscribed, the Launch Could Set a New Scale Record for Corporate Bitcoin Treasuries and Offer A TEMPlate for Other Looking to Merge Soset.
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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Rick Rieder Cited Strong Earnings, High Yields and Low Volatility As Drivers of Today’s Favorable Investing Climate, While Warning Complacence Remains a Risk.
- Rieder Said Record Cash on the Sidelines, Share Buybacks and Earnings Strengt Make Equities Attractive Despite Loftty Valuations.
- HE CITED FIXED-INCOME YIELDS OF 6.5% –7% and Historical Low Volatility As Key Support for Investors.
- HE Expects the Fed to Cut Rates in September, Arguing High Policy Costs Outweigh Limited Inflation Benefits.
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