Bitcoin Standard Treasury Go Public, Wan Get 50,000 BTC Holdings
Bitcoin Standard Treasury dey set merge with Cantor Equity Partners to list for Nasdaq under di ticker BSTO. Currently, Bitcoin Standard Treasury get 30,021 BTC and dem plan make dem hold more than 50,000 BTC, wey go put dem as second biggest corporate bitcoin holder after MicroStrategy. Di merger suppose finish for Q4 and e go bring financing to boost di corporate treasury plan. MicroStrategy lead with 629,000 BTC and Marathon Digital follow wit 50,600 BTC; dem and Bitcoin Standard Treasury together hold about 3.38% of Bitcoin’s 21 million supply. Dis public listing fit set new standard for corporate bitcoin treasuries and encourage more institutions to adopt bitcoin holdings.
Bullish
Di plann'd Nasdaq listing an big bitcoin buy wey Bitcoin Standard Treasury dey do show say institutional adoption of bitcoin dey grow. Historically, MicroStrategy dey buy early before big market rally dem, wey mean say if Bitcoin Standard Treasury hold more, e fit boost investor confidence an trading volume. Short term, the BSTO listing fit drive speculative interest an positive feeling about corporate bitcoin strategies. Long term, if dem set benchmark for corporate treasuries, e fit attract more companies enter market an increase market liquidity, wey go make bitcoin stable as treasury asset.