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I just saw an important news about Bitcoin Standard Treasury, the company is trying to list its shares on the stock exchange through a merger with Cantor Equity Partners. Adam Back, who is leading the company, plans for them to hold around 30,000 Bitcoin on the balance sheet at the time of listing. That’s really billions of dollars 💰
What caught my attention is that Adam Back and the founding investors are contributing 25,000 Bitcoin, and early investors are putting in 5,000 Bitcoin in cash. Shareholder approval is expected to come in April. Does anyone see this as a serious step for Bitcoin in major institutions?