₿$73,459.79▼ 0.12%
Bitcoin Standard Treasury Company
CEPO🇺🇸Pre-listing
Bitcoin Standard Treasury is a Bitcoin-native company led by Adam Back, going public through a SPAC merger with Cantor Equity Partners. The company holds 30,021 BTC contributed by founders and early investors.
BTC Holdings
30,021 BTC
Insufficient history
Stock PriceUpdated 11h ago
$10.60▼ 0.04%
180d
Total financing
876.61M USD
180d
mNAV
—
Insufficient history
Leverage
26.1%
180d
Amplification
39.7%
180d
BTC Risk
0.69%2.5x
Total reserve
2.21B USD
Dilution
—
Coverage
196.4 yr
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$209.6M▲1.9%
Total Liabilities$20M▲1541.7%
Stockholders' Equity$-22.8M▼479.3%
Cash & Equivalents—
Total Debt—
Digital Assets—
Income Statement
Revenue—
Operating Income$-316.9K▲18.4%
Net Income$-4.2M▼449.4%
Interest Expense—
Cash Flow
Operating Cash Flow—
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| BSTR-5Yr | Jul '25 – Apr '31 | 1% | 574.69M USD | 574.69M USD | 13.00 USD | 3.8x |
| Total | 574.69M USD | |||||
Disclaimer
Pre-listing: SPAC merger with Cantor Equity Partners (CEPO) pending, expected to trade as BSTR upon closing.
Recent Changes
Thu, May 14, 2026
Debt Outstandingrestated commitmentBSTR-5Yr
530.5M→574.7M+44.2M(+8.3%)
S-4 publishes definitive aggregate principal: $544.193M July CB (Initial $500M + exercised Option Notes) + $30.5M August CB
Form S-4 (proxy statement/prospectus, CEPO/BSTR business combination)Debt Outstandingrestated commitmentBSTR-Pref
78.3M→301.9M+223.6M(+285.6%)
3,019,124 shares × $100 stated value = $301.92M. Components: $30M July Subscription + $223.62M exercised Preferred Stock Option + $48.3M August Subscription
Form S-4 (proxy statement/prospectus, CEPO/BSTR business combination)