According to the official joint announcement, Bitcoin Standard Reserve (BSTR), founded by Blockstream CEO Adam Back, has indefinitely postponed the shareholder vote on its merger with Cantor Equity Partners I. Both parties have mutually agreed to abandon the originally scheduled 2025 merger agreement and renegotiate terms to better reflect current market conditions. Under the original proposal, BSTR would contribute over 30,000 Bitcoin and approximately $1.5 billion in PIPE financing to create one of the largest publicly traded Bitcoin treasury companies. The parties did not disclose details of the revised terms.