Bitcoin Reserve Company BSTR is preparing to merge with CEPO and go public, and already holds over 30,000 BTC

Bitcoin Standard Treasury Co. (BSTR) is preparing to list on the Nasdaq through a merger with Cantor Equity Partners (CEPO). It currently holds 30,021 bitcoins on its balance sheet and plans to increase its holdings to over 50,000.

This puts it on track to surpass MARA Holdings (MARA) to become the second-largest corporate bitcoin holder, behind MicroStrategy (MSTR). MARA holds over 50,600 bitcoins, while MicroStrategy holds nearly 629,000.

Currently, MSTR, MARA, and BSTR collectively hold approximately 710,000 bitcoins, representing approximately 3.38% of Bitcoin's fixed supply of 21 million. The transaction is expected to close in the fourth quarter, and the company will be listed on the Nasdaq under the symbol BSTO. If fully raised, BSTR will set a new record for the largest corporate bitcoin treasury and provide an example for other companies to combine sound money with modern market tools.