Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Adam Back's BSTR moving forward with public
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Adam Back's BSTR moving forward with public
Adam Back's BSTR moving forward with public listing plans, hopes for April approval
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Adam Back's BSTR moving forward with public listing plans, hopes for April approval
Back remains optimistic despite the brutal price action in bitcoin and BTC treasury companies.
By James Van Straten|Edited by Stephen Alpher
Feb 24, 2026, 2:58 p.m.
Make us preferred on Google
What to know:
- Led by bitcoin pioneer Adam Back, Bitcoin Standard Treasury Company (BSTR) is seeking shareholder approval as early as April to go public via a SPAC merger with Cantor Equity Partners (CEPO)
- Back said macro uncertainty, not regulation, is behind bitcoin’s recent slide.
Undaunted by the plunge in bitcoin BTC$63,804.18 and the even worse price action for bitcoin treasury companies, Adam Back, the CEO of Bitcoin Standard Treasury Company (BSTR), says shareholder approval for a public listing could come as soon as April.
The public listing would come via a SPAC merger with Brandon Lutnick's Cantor Equity Partners I (CEPO).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
BSTR intends to debut with 30,000 bitcoin on its balance sheet. Of that total, 25,000 coins will be contributed by Back and other founding shareholders. A further 5,000 BTC will be contributed in-kind by early investors.
The merger plans were announced in the summer of 2025 amid a frenzy of hastily formed crypto treasury companies that hoped to mimic the success of Michael Saylor's Strategy.
Since, though, the price of bitcoin has crashed to $63,000, and the performance of crypto treasury companies has been far worse, with many prominent ones vaporizing 90% or more of investor capital.
Speaking with CNBC on Monday, Back said a weaker bitcoin price could benefit BSTR ahead of its listing. Launching at a lower reference price would enable the company to accumulate more bitcoin at discounted levels, potentially strengthening its balance sheet and increasing long-term upside if market conditions improve.
Addressing bitcoin’s recent decline, Back noted that it occurred despite what he characterized as a favorable regulatory backdrop in the United States. He attributed the pullback to broader macroeconomic factors, including geopolitical tensions and tariff-related uncertainty, which have weighed on risk assets more broadly.
Back added that bitcoin treasury companies play a supportive role in the market. Their core strategy centers on acquiring and holding bitcoin, though he acknowledged that the pace of accumulation typically slows during bear markets. Ultimately, he said, bitcoin treasury companies are taking bitcoin off the market, which is a long-term bullish catalyst.
Bitcoin NewsAdam BackBitcoin Treasury Reserve Asset
More For You
Bitcoin’s U.S. demand signal turns negative for a record 40 days
The indicator last printed positive on Jan. 15. Its failure to fully recover after a Feb. 5 rebound suggests U.S. demand remains structurally absent rather than temporarily paused.
What to know:
- The Coinbase Bitcoin Premium Index has stayed negative for 40 straight days, its longest sub-zero streak since 2023, signaling persistent weakness in U.S. demand.
- While bitcoin has rebounded about 15 percent from its Feb. 5 low and climbed back above $62,000, the U.S.-focused premium has not recovered, implying the recent buying came largely from outside American trading hours and venues.
- The premium has inched higher from about -0.22 percent to near -0.05 percent, but remains below the positive levels historically associated with sustained accumulation, as U.S. investors show rising skepticism reflected in record domestic Google searches for “bitcoin zero.”
Read full story
Latest Crypto News
Kraken rolls out crypto-style, 24/7 perpetuals trading for tokenized U.S. stocks
Wall Street’s big blockchain win: SEC gives WisdomTree the green light for instant, around-the-clock trading
Bitcoin’s U.S. demand signal turns negative for a record 40 days
Mark Zuckerberg's Meta is planning stablecoin comeback in the second half of this year
Binance brings back tokenized stocks trading with Ondo Finance deal
CoinDesk 20 performance update: index falls 2% as nearly all constituents decline
Top Stories
'If you’re not accumulating bitcoin at this stage, then when,' asks prominent analyst
Crypto markets bleed as bitcoin hovers above liquidation zone
Putting the treasury to work: The Ethereum Foundation just staked 70,000 ETH to fund its future
Jane Street faces claims of insider trading that sped up Terraform's 2022 collapse
Hong Kong's RedotPay said to plan blockbuster $1 billion IPO in New York: Bloomberg
Step Finance shuts operations after $27 million January hack
Market Opportunity
PUBLIC Price(PUBLIC)
$0.0153
$0.0153$0.0153
USD
PUBLIC (PUBLIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Philippine Supreme Court junks bid to block transfer of senator to ICC
THE PHILIPPINE Supreme Court on Wednesday rejected a bid by Senator Ronald “Bato” M. dela Rosa to stop his arrest and transfer to the International Criminal Court
Share
Bworldonline2026/05/20 21:03
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be
The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
HashKey Capital Invests $20M in Crypto Derivatives Platform SignalPlus
BitcoinWorld HashKey Capital Invests $20M in Crypto Derivatives Platform SignalPlus Asian digital asset firm HashKey has announced a $20 million strategic investment
Share
Bitcoin World2026/05/20 22:00
