Bitcoin Standard Treasury Company (BSTR) announces its upcoming listing with over 30,000 Bitcoin in its fund, becoming one of the largest publicly disclosed Bitcoin treasury companies in the world.
BSTR will merge with an investment company backed by Cantor Fitzgerald, expected to be completed in the fourth quarter of 2025. This transaction will help expand the Bitcoin purchasing strategy with a total value exceeding 4 billion USD, illuminating the future integration between the cryptocurrency and traditional financial markets.
- BSTR owns over 30,000 BTC, expected to become the fourth-largest publicly disclosed Bitcoin treasury company in the world.
- The merger transaction will inject an additional 800 million USD, raising the total value to over 4 billion USD and targeting 10 billion USD by 2025.
- Traditional financial companies are increasingly accelerating Bitcoin storage, expanding the connection between the crypto and financial markets.
Who is BSTR and what makes them notable in the Bitcoin industry?
With over 30,000 Bitcoin on its balance sheet, BSTR quickly became one of the large public capital funds in the cryptocurrency field. Adam Back, an early Bitcoin contributor and BSTR co-founder, is currently the CEO, consolidating professional strategic resources and vision for the enterprise.
BSTR Holdings is the renamed version of Blockstream Capital after the merger, simultaneously setting a plan to issue shares worth 800 million USD, raising the total transaction value to over 4 billion USD. According to Financial Times, this transaction is expected to be completed in the fourth quarter of 2025.
How does BSTR plan to expand Bitcoin purchases?
According to official information, BSTR plans to issue shares at 10 USD per share, corresponding to 25,000 BTC contributed by founding shareholders from Blockstream Capital. The remaining portion, called PIPE (private investment in public equity), will also be similarly valued.
"Achieving capital from both fiat and Bitcoin from the beginning has established an unprecedented strength with a single mission: maximizing Bitcoin ownership per share while promoting Bitcoin acceptance in the real economy."
– Adam Back, BSTR Co-founder and CEO, July 2025.
BSTR commits to using business revenue to continue purchasing Bitcoin and developing digital asset products, affirming a long-term commitment to the DeFi market.
Who are the partner parties and leaders in the BSTR transaction?
Sean Bill, a veteran investor in hedge funds, was appointed Chief Investment Officer (CIO) of BSTR, ensuring effective investment strategy and professional risk management. Meanwhile, support from Cantor Fitzgerald – a reputable global financial service provider – helps enhance the transaction's credibility.
What is the market and traditional financial community's reaction?
Brandon Lutnick, Cantor Fitzgerald's Chairman, emphasized that this transaction marks a historic step in restructuring the Bitcoin economy's integration with traditional finance. The event occurs in a context where over 142 publicly listed companies hold Bitcoin with a total value of up to 112 billion USD (according to bitcointreasuries.net).
Additionally, Cantor Equity Partners is ready to launch the 21 Capital fund with 3.9 billion USD funded by giants like Tether, SoftBank, and Bitfinex, expected to store around 42,000 BTC.
"We are witnessing a new era where public companies step into the Bitcoin treasury, consolidating Bitcoin's position not just as a digital asset but as an indispensable part of modern financial investment portfolios."
Brandon Lutnick, Cantor Fitzgerald Chairman, 2025
