Plan terminated: BSTR's SPAC listing deal with Cantor Equity Partners I to become a bitcoin reserve company, backed by Adam Back, has fallen through

Odaily reported that Bitcoin News posted on X platform, stating that the plan for BSTR, backed by Adam Back, to go public via a SPAC merger with Cantor Equity Partners I as a bitcoin reserve company has been terminated. BSTR Holdings is now required to pay Cantor Equity Partners I $10 million by September 19 and an additional $5 million by December 1, failing which Blockstream Capital Partners may be called upon to make the payment on its behalf.