Adam Back’s $2.1B Bitcoin Treasury set to rival industry giants
Blockchain pioneer Adam Back is launching a new Bitcoin Standard Treasury Co. through a SPAC deal aimed at debuting on Nasdaq with over 30,000 BTC on its balance sheet. The transaction combines fiat financing with a bitcoin-denominated PIPE (private investment in public equity), signaling an aggressive growth strategy in institutional bitcoin accumulation. If successful, the company’s holdings will rival Marathon Digital (MARA), one of the largest public BTC holders.
This marks a significant move toward mainstream institutional adoption and financialization of Bitcoin.
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