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Bitcoin financial storage company BSTR plans to increase its Bitcoin open interest to over 50,000 coins.
According to Techub News and CoinDesk, Bitcoin Standard Treasury (BSTR), led by cryptography pioneer Adam Back, is preparing to go public on NASDAQ through a merger with Cantor Equity Partners ((CEPO). Currently, it has 30,021 Bitcoins on its balance sheet and plans to increase its Bitcoin reserves to over 50,000. If this goal is achieved, Bitcoin Standard Treasury is expected to surpass MARA Holdings (MARA) to become the second largest BTC holder after Strategy. As of now, MSTR, MARA, and BSTR collectively hold approximately 710,000 Bitcoins, accounting for about 3.38% of the fixed supply of 21 million Bitcoins.