Adam Back's Bitcoin Firm Negotiates SPAC Merger Terms With Cantor

WHO:

Cointelegraph - Adam Back’s Bitcoin Standard Treasury Company and Cantor Equity Partners I are involved in the merger negotiations.

Bloomberg Markets - Cantor Fitzgerald is backing the blank-check company involved in the merger.

WHAT:

Cointelegraph - The companies are seeking to amend the terms of a merger deal originally set for 2025.

Bloomberg Markets - The original terms of the planned merger have been scrapped, and a revised deal will be negotiated.

WHY:

Cointelegraph - The amendment is intended to better reflect current market conditions.

Bloomberg Markets - A tougher market for cryptocurrency is challenging Bitcoin treasury companies, prompting the need for new terms.

(UPDATED July 8, 2026 19:27 UTC)

Adam Back’s Bitcoin Standard Treasury Company and Cantor Equity Partners I are currently in negotiations to amend the terms of their merger deal, which was originally set for 2025. The original terms have been scrapped due to a tougher market for cryptocurrency, prompting the need for a revised agreement that better reflects current conditions. Cantor Fitzgerald is backing the blank-check company involved in these merger discussions, highlighting the ongoing challenges faced by Bitcoin treasury companies.