PANews reported on February 24th that, according to CoinDesk, Bitcoin Standard Treasury Company (BSTR), led by Adam Back, is moving forward with its IPO plans, expected to receive shareholder approval as early as April. The IPO will be achieved through a merger with Brandon Lutnick's Cantor Equity Partners I. BSTR plans to hold 30,000 bitcoins on its balance sheet at the time of the IPO, with 25,000 contributed by Back and other founding shareholders, and 5,000 contributed in kind by early investors. Back told CNBC that the weakening price of Bitcoin could benefit BSTR's IPO, as a lower reference price allows the company to accumulate more bitcoins at a discount, which, if market conditions improve, will strengthen its balance sheet and increase long-term upside potential. He attributed the recent decline in Bitcoin to macroeconomic factors such as geopolitical tensions and tariff uncertainty, rather than the regulatory environment, stating that the current regulatory backdrop in the United States is favorable.