The Cantor Equity Partners Spaces, which was the second side of the transaction, said that Adam Back transferred about 30,000 BTC to the SPAC share in the authorized capital of the new company. This allowed BSTR to instantly take the fourth position among public American Bitcoin reserves.
How reports Financial Times, Adam Back did not receive a control package of shares and managerial powers in the BSTR, but its share in the Spac will be significant, and the backing partner will become a key partner. BSTR operational control will also remain under the control of Cantor Fitzgerald.
“Bitcoin confidently becomes a strategic asset for maintaining capital and BSTR Holdings has the potential to become a key player in the digital asset management market,” said Brandon Lutnick Cantor Fitzgerald.
The Cantor Fitzgerald added that the company plans to additionally invest in buying bitcoins from $ 800 million to $ 1.5 billion.
Bloomberg analyst Eric Balchunas in a commentary for Financial Times emphasized that transactions similar to the creation of BSTR “strengthen the confidence of institutional investors in cryptorright and can signal the long -term value of bitcoin.”
Earlier, the adviser to President Salvador in cryptocurrencies Max Keiser said that companies like Microstrategy and the Japanese Metaplanet are actively accumulating bitcoins and strive for dominance in the financial market, which is actually a “strategic call of American dollar”.
Source: Bits
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