Cantor Equity Partners I has postponed its shareholder vote on a merger with Bitcoin Standard Treasury Company to July 2, 2026. According to the latest announcement, the extraordinary general meeting will now be held at 10:00 a.m. Eastern time on July 2, 2026, with the meeting location moved to the office of Ellenoff Grossman & Schole LLP at 1345 Avenue of the Americas, New York. The deal would list BSTR on Nasdaq with 30,021 Bitcoin (BTC). The companies first agreed to the merger in July 2025 and originally aimed to close by late 2025, but the postponement now arrives while digital asset treasury companies absorb falling valuations.
Many digital asset treasury companies are trading near or below the value of the Bitcoin they hold, making fresh share sales dilutive. The strain is visible in recent market performance, with Michael Saylor's Strategy (MSTR) falling below $100 this week, the first time since March 2024. Even Strategy has slowed its Bitcoin buying, adding just 520 BTC recently while building a $1.4 billion cash reserve. The company remains the largest holder with 847,363 BTC.
BSTR would arrive as the fifth-largest public Bitcoin treasury, about 13,000 coins shy of second place. Founders contribute 25,000 coins, while another 5,021 come from an in-kind raise paid in Bitcoin, which BSTR bills as a US SPAC first. The listing would be Cantor Fitzgerald's second Bitcoin treasury built through a SPAC, following their first creation of Twenty One Capital, a Tether-backed holder of 43,514 BTC. JAN3 chief executive Samson Mow estimated that a full deployment could add about 23,500 coins, lifting BSTR to roughly 53,500 BTC and passing Metaplanet's 40,177 BTC and Twenty One's 43,514 BTC for second place.
As a result of the meeting postponement, the deadline for holders of CEPO's Class A ordinary shares to submit their shares for redemption has been extended to 5:00 p.m., Eastern time on June 30, 2026. Only the holders of CEPO's ordinary shares as of the close of business on June 5, 2026 are entitled to vote at the meeting. CEPO plans to continue soliciting proxies from shareholders during the period prior to the meeting. The proposed resolutions to be considered at the meeting remain the same as set out in the definitive proxy statement filed with the SEC.
U.S. Senators are targeting Fall 2026 for the potential release of a dedicated cryptocurrency tax bill, with Senator Steve Daines revealing that Republicans have already developed a framework for the legislation. During an interview with Bloomberg Tax, Sen. Steve Daines said, "sooner rather than later" and confirmed that the plan is very similar to recent cryptocurrency tax bills proposed by the House of Representatives. The Senate Finance Committee's move is driven by growing congressional interest in establishing clearer tax rules for virtual assets, addressing areas like staking rewards and mining. Concurrently, lawmakers continue to prioritize the broader Digital Asset Market CLARITY Act, which passed the Senate Banking Committee with bipartisan support via a 15-9 vote. Over 200 industry groups are advocating for its passage, arguing that regulatory clarity will boost innovation and investment in the US digital assets market.
