Key Takeaways
- Bitcoin Standard Treasury to list on Nasdaq via Cantor Fitzgerald-backed SPAC.
- Company will debut with over 30,000 BTC, becoming the fourth-largest public bitcoin treasury.
- Merger is expected to close in Q4 2025, reflecting rising institutional interest in bitcoin.
Bitcoin Standard Treasury Company is preparing to go public on the Nasdaq by merging with a special purpose acquisition company (SPAC) supported by Cantor Fitzgerald, according to an announcement on Thursday.
Large bitcoin treasury among public firms
The company will debut with more than 30,000 bitcoin on its balance sheet, positioning it as the fourth-largest listed bitcoin treasury.
This move would place it behind other large holders tracked in public markets, such as MicroStrategy and Marathon Digital.
Cantor Fitzgerald and industry partnerships
This development follows Cantor Fitzgerald’s collaboration with Tether and Softbank on a $3.6 billion bitcoin-focused venture earlier in 2025.
The partnership highlighted growing institutional interest in bitcoin as a treasury asset.
Timeline for the merger
The merger deal between Bitcoin Standard Treasury Company and the Cantor-backed SPAC is expected to close in the fourth quarter of 2025.
A spokesperson for the company stated:
“Bitcoin Standard will go public with over 30,000 bitcoin on its balance sheet, which would it the 4th largest listed bitcoin treasury.”
