BSTR and Cantor SPAC announce original merger agreement collapses, $1.5 billion PIPE financing completely fails; American Bitcoin purchases 500 BTC, total holdings rise to 8,000, completes reverse stock split to retain Nasdaq eligibility.

ME News, July 9 (UTC+8), according to a comprehensive disclosure from BBX Crypto Concept Stock Intelligence, yesterday the global crypto asset market saw Bitcoin consolidating around $62,000. On the same day, two Bitcoin-related listed companies released representative corporate-level updates:

Key Updates

Cantor Equity Partners I (Nasdaq: $CEPO) / Bitcoin Standard Treasury Company (BSTR) issued a joint official announcement through BusinessWire on July 8, formally stating that both parties will no longer proceed with the transaction under the original business combination agreement signed in July 2025. The primary reason was the complete failure to close the $1.5 billion PIPE financing — Bloomberg previously reported that Cantor had allowed some large investors to reduce their original commitment size before the shareholder vote. Against the backdrop of Bitcoin falling approximately 50% from its all-time high, investor interest in new Bitcoin treasury companies has cooled significantly. The CEPO shareholders' meeting originally scheduled for July 10 has been indefinitely postponed, and all CEPO public shares for which redemption requests have been submitted will be returned to shareholders. The two parties stated that they will continue negotiations on revised merger terms and structure, but no specific timeline or term direction was disclosed. BSTR originally planned to list on Nasdaq holding 30,021 BTC (including 25,000 founder Bitcoin contributed by Adam Back and Blockstream Capital, and 5,021 cash PIPE Bitcoin), aiming to become the world's fourth-largest listed company Bitcoin holder with a target position of 50,000 BTC. The collapse of this merger means the listing path needs to be redesigned.

American Bitcoin Corp. (Nasdaq: $ABTC) recently completed a 1-for-15 reverse stock split to meet Nasdaq's minimum share price listing requirement, reducing the number of outstanding shares without changing the company's total asset value or Bitcoin holdings. The company simultaneously purchased 500 Bitcoins, bringing its total holdings to 8,000. At the current price of approximately $62,000, the holdings are valued at about $496 million, ranking 16th among global listed companies in Bitcoin holdings. American Bitcoin is approximately 44% owned by Hut 8, with Eric Trump serving as Chief Strategy Officer. The company focuses on a dual-track model of Bitcoin mining and treasury holdings. The company has faced ongoing capital market pressure this year, and the reverse stock split was a necessary step to maintain its exchange listing. After completion, the company continues its Bitcoin accumulation strategy unchanged. (Source: BBX)