By Isaac • July 8, 2026 6:18 pm •
Adam Back’s Bitcoin treasury SPAC deal is still in the conversation, but the old path is gone.
Cantor Equity Partners I and Bitcoin Standard Treasury Company are going back to the negotiating table after agreeing that the proposed combination will not close on the current terms.
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For the Bitcoin treasury trade, that is a real moment.
The story is no longer only how much BTC a company wants to hold. It is whether the capital-markets structure still works when conditions change.
NEW: @adam3us‘s Bitcoin Standard Treasury Company scraps its original SPAC merger agreement with Cantor Equity Partners, citing changing market conditions. pic.twitter.com/nnBcbJlxjk
— CoinDesk (@CoinDesk) July 8, 2026
BusinessWire carried the official July 8 update
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