The shareholder vote on the proposed merger between Bitcoin Standard Treasury (BSTR) and the special purpose acquisition company (SPAC) Cantor Equity Partners I has been postponed to July 10, 2026. The delay was confirmed through SEC filings and comes as both parties continue to negotiate the terms of a private investment in public equity (PIPE) that could raise up to $1.5 billion. The new voting date sets the deadline for SPAC shareholders to exercise capital redemption rights to July 8, 2026.
Once the merger is completed, the combined entity plans to establish an initial corporate treasury of 30,021 BTC. This sum includes 5,021 BTC contributed in-kind by private investors and an additional 25,000 BTC from the founders and Blockstream Capital. According to data from BitcoinTreasuries.net, this holding would immediately rank the company as the fifth-largest public Bitcoin treasury globally, behind only Strategy (847,363 BTC), Twenty One Capital (43,514 BTC), Metaplanet (40,177 BTC), and MARA Holdings (36,303 BTC).
The broader market context adds weight to the delay. Bitcoin traded near $58,600 on July 1, 2026, a significant pullback from its all-time high of $126,000 in October 2025. Institutional appetite has also cooled, with public companies’ share of new BTC supply purchases dropping from roughly 95% to just 2% over the same period. If the full $1.5 billion PIPE is deployed at current prices, the firm could acquire an additional 23,500 BTC, potentially moving it into second place among corporate holders. The Nasdaq listing of the new company hinges on closing the financing round, making the July 10 vote a critical signal for the future of Bitcoin-backed treasury vehicles.
