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Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle. The company will merge with Cantor Equity Partners I, a special purpose acquisition company backed by Cantor Fitzgerald, which is chaired by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick. Bitcoin Standard will be the fourth-largest listed bitcoin treasury, the company said. It is expected to raise up to $1.5 billion in private investment in public equity financing. The move comes ... (full story)
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