The Bitcoin Standard Treasury Company (BSTR), led by Adam Back, is set for a crucial shareholder vote on June 26 regarding its public listing through a SPAC merger. The merger, involving Cantor Equity Partners I, will see the combined entity listed on Nasdaq under the ticker BSTR. The company plans to hold 30,021 BTC on its balance sheet and secure up to $1.5 billion in PIPE financing, including an in-kind contribution of 5,021 BTC valued at approximately $600 million. Initially announced in July 2025, the transaction faced delays due to market volatility and SPAC redemption pressures, pushing the expected closure from Q4 2025 to 2026. If shareholders approve the merger, trading is anticipated to commence by the end of June.