TechFlow, August 17 — According to CoinDesk, Bitcoin Standard Treasury (BSTR), a bitcoin treasury company, is preparing to go public on Nasdaq through a merger with Cantor Equity Partners (CEPO). The company currently holds 30,021 bitcoins on its balance sheet and plans to increase its holdings to over 50,000 bitcoins. It also intends to raise $1.5 billion through fiat financing. The transaction is expected to close in the fourth quarter, with the company trading under the ticker symbol BSTR.
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