Adam Back’s 30,021 BTC Bitcoin treasury deal just lost the funding structure holding it together
A Bitcoin treasury deal involving 30,021 BTC associated with Adam Back has lost the funding structure that was holding it together, according to the headline.
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BSTR's 30,021 BTC remains intact, but with Cantor's SPAC declaring existing private placements 'will not be required to close,' the up-to-$1.5 billion PIPE-convertible-preferred financing stack lapsed and the July 10 shareholder vote was postponed.
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