Bitcoin Standard Treasury Company (BSTR) to Go Public via Business Combination with Cantor Equity Partners I (CEPO)

Cantor Equity Partners and Twenty One Capital Announce Proposed Business Combination

July 10, 2025

Financial Services

Cantor Equity Partners, Inc. (“CEP”), a special-purpose acquisition company, and Twenty One Capital, Inc. (“Twenty One”) announced the confidential filing of a draft registration statement on Form S-4 with the SEC for their proposed business combination. The transaction remains subject to customary closing conditions, including approval of CEP’s shareholders, after which Twenty One plans to operate as a Bitcoin-focused public company.

Strive Asset Management and Asset Entities Announce Merger to Create First Publicly Traded Bitcoin Treasury Company

September 12, 2025

Financial Services

Strive Asset Management (a subsidiary of Strive Enterprises) and Asset Entities (Nasdaq: ASST) entered into a definitive merger agreement to combine and form a publicly traded Bitcoin treasury company under the Strive brand. The transaction is paired with a $750 million PIPE with potential additional $750 million from warrant exercises (total potential proceeds up to about $1.5 billion) to fund the initial wave of Bitcoin acquisitions and accumulation strategies.

Securitize to Acquire Cantor Equity Partners II via Proposed Business Combination

January 28, 2026

Financial Services

Securitize Holdings (a subsidiary of Securitize, Inc.) filed a Form S-4 with the SEC in connection with its previously announced proposed business combination with Cantor Equity Partners II (CEPT), a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. The filing includes a combined proxy statement/prospectus and reflects ongoing SEC review; completion remains subject to customary closing conditions and CEPT shareholder approval.

BitBridge Capital Strategies Merges with Green Mountain Merger Inc. to Become Public

August 5, 2025

Financial Services

BitBridge Capital Strategies completed a merger with Green Mountain Merger Inc., enabling BitBridge to begin trading on the OTC market under the ticker BTTL and pursue an eventual NASDAQ uplisting. The transaction positions BitBridge as a pure-play Bitcoin treasury company focused on accumulating Bitcoin reserves and launching consumer-facing Bitcoin lending products.

ProCap BTC and Columbus Circle Capital Corp. I Combine to Create ProCap Financial

June 23, 2025

Financial Services

ProCap BTC, a bitcoin-native financial services firm, entered into a definitive agreement to merge with Columbus Circle Capital Corp. I (a SPAC sponsored by a controlled subsidiary of Cohen & Company). The resulting public company will operate as ProCap Financial, backed by up to $1 billion in bitcoin on its balance sheet following a large equity and convertible notes fundraising.

EQT Private Equity to Acquire Billtrust (BTRS) for $1.7 Billion

September 28, 2022

Cloud & SaaS

EQT Private Equity (EQT X fund) has signed a definitive merger agreement to acquire BTRS Holdings Inc., doing business as Billtrust, in an all-cash transaction valuing Billtrust’s equity at approximately $1.7 billion. Billtrust shareholders will receive $9.50 per share in cash, and the deal is expected to close in Q4 2022 (per the shareholder-meeting announcement) subject to customary closing conditions.