Cantor Equity Partners and Adam Back's BSTR Holdings scrap original merger terms for their $3B Bitcoin treasury SPAC deal, citing unresolved PIPE financing.

BSTR and Cantor Equity Partners will not complete their merger under the original July 2025 agreement, with the shareholder postponed indefinitely.

Cantor Equity Partners and Adam Back's Bitcoin Standard Treasury Company scrap their original $4 billion merger terms and begin fresh negotiations.