Bitcoin Standard to launch on Nasdaq with $3.6 billion bitcoin treasury after merger with Cantor Fitzgerald’s SPAC

Bitcoin Standard Treasury Company will soon trade on the Nasdaq stock exchange after merging with a special acquisition company (SPAC) backed by financial giant Cantor Fitzgerald. The deal, expected to finalize by late 2025, will list the new company as “BSTR” with a massive starting stash of 30,021 bitcoin instantly making it the fourth-largest public bitcoin treasury worldwide.

This marks Cantor Fitzgerald’s second major crypto move in 2024, following a $3.6 billion bitcoin venture with SoftBank and Tether earlier this year . The transaction highlights Wall Street’s accelerating embrace of cryptocurrency as a corporate asset.