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Bitcoin reserve company BSTR seeks to amend its SPAC merger agreement with Cantor
MetaEraJul 8, 2026
On July 8 (UTC+8), a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald and BSTR, a Bitcoin reserve company founded by Adam Back, announced that they have abandoned the original terms of their previously proposed merger and will renegotiate a revised agreement.
Against the backdrop of a deteriorating crypto market environment and growing challenges facing Bitcoin reserve companies, both parties have decided to adjust the transaction arrangement. Cantor Equity Partners I Inc. and BSTR Holdings stated that they will no longer proceed with the transaction under the merger agreement signed last year, but instead seek to formulate revised transaction terms that better reflect current market conditions.However, the two companies did not disclose the specific financial terms of the new transaction, nor did they indicate when a new agreement might be reached. (Source: ChainCatcher)[ME News]
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