Bitcoin Standard Treasury Co. Set to Go Public: Aiming for Over 50,000 Bitcoins to Become Second-Largest Corporate Holder

COINOTAG reports that on August 16th, Bitcoin Standard Treasury Co. (BSTR) is advancing its plans to go public via a merger with Cantor Equity Partners (CEPO). Currently, BSTR holds a substantial **30,021 bitcoins** on its balance sheet and aims to expand its holdings to over **50,000 bitcoins**. This strategic move positions BSTR to potentially overtake MARA Holdings (MARA) as the second-largest corporate bitcoin holder, trailing only MicroStrategy (MSTR). As it stands, MARA holds approximately **50,600 bitcoins**, while MSTR commands a dominant **629,000 bitcoins**. Collectively, MSTR, MARA, and BSTR hold about **710,000 bitcoins**, which constitutes roughly **3.38%** of the total capped supply of **21 million bitcoins**. This merger is projected to finalize in the **fourth quarter**, with BSTR anticipating its listing on Nasdaq under the ticker symbol **BSTO**. Upon successful financing, BSTR will establish a new benchmark for corporate bitcoin treasuries, inspiring other firms to merge **sound money** with contemporary market mechanisms.