New Developments in the World of Bitcoin: A $3.5 Billion Deal Set to Shake Up the Industry

**Satoshi Candidate Breaks Silence on Mega $3.5 Billion Bitcoin Deal**

In a shocking turn of events, Adam Back, the individual long speculated to be Satoshi Nakamoto, has finally broken his silence regarding a massive $3.5 billion Bitcoin deal that is set to shake up the public BTC treasury landscape.

As revealed earlier today, Mr. Back’s newly launched entity, Bitcoin Standard Treasury (BSTR), will merge with Cantor Equity Partners I (CEPO), a special-purpose acquisition company (SPAC). This move would instantly rank BSTR as the fourth-largest public Bitcoin holder globally, eclipsing even giants like Strategy and Tesla.

The massive transaction involves an astonishing 30,021 BTC. The funds are split between two sources: 25,000 coins from founding shareholders advised by Blockstream Capital and a further 5,021 BTC from a private investment in a public equity PIPE offering – the first of its kind denominated exclusively in Bitcoin.

The deal’s size is nothing short of extraordinary, with an unprecedented $1.5 billion fiat pipeline funding, along with a $200 million SPAC contribution, plus a mix of convertible notes and preferred equity.

In light of this monumental transaction, we reached out to Mr. Back for his thoughts on the matter, and he provided us with exclusive insights into his motivations behind this groundbreaking move.

“By anchoring our capital in a U.S.-regulated entity, I believe it’s time for the public BTC treasury landscape to evolve,” said Adam Back, when asked about his vision for this deal.

We must admit that we were taken aback by Mr. Back’s candor and openness regarding these matters. It appears that he will now opt for structure and security, shifting some of his original 80,000 BTC holdings into institutional hands and legally anchoring the capital in a U.S.-regulated entity.

Source: u.today