Adam Back's BSTR Abandons SPAC Merger with Cantor Equity Partners

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BSTR, the company led by cryptographer Adam Back, has called off its planned merger with Cantor Equity Partners. The two firms had originally entered into a merger agreement in July 2025, but the deal will no longer proceed under those terms. A shareholder vote related to the transaction has been postponed indefinitely. BSTR is now reportedly seeking an alternative deal to move forward with its plans.

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