Bitcoin Standard Treasury Dey Plan Nasdaq IPO Wit 50k BTC Goal
Bitcoin Standard Treasury (BSTR), wey Adam Back wey be pioneer for cryptography lead am, dey prepare to list for Nasdaq through merger wit Cantor Equity Partners (CEPO). Dem get 30,021 BTC for dia balance sheet now, BSTR wan increase dia bitcoin reserve pass 50,000 BTC. If dem reach dis target, BSTR go become di second biggest public BTC holder, behind MicroStrategy (MSTR) and before Marathon Digital Holdings (MARA). Together, MSTR, MARA and BSTR control about 710,000 BTC, wey be 3.38% of di 21 million fixed supply. Traders suppose dey watch BSTR reserve build-up and Nasdaq IPO, because these developments fit affect bitcoin market liquidity and institutional adoption.
Bullish
Bitcoin Standard Treasury plan to big-big expand their BTC reserves and pursue Nasdaq IPO dey show say institutional demand and confidence for bitcoin dey grow. Historically, announcements wey talk say institutions dey buy more and public listings like MicroStrategy BTC buys or Coinbase IPO dey relate with better price movement and market liquidity. Short term, BSTR buying strategy fit make market supply tight, put upward pressure for BTC price. Long term, successful Nasdaq listing fit bring more institutional money and make bitcoin be legit investment asset, boost bullish sentiment and fit support steady price rise.