Compass Investments Adam Beck\'s company, BSTR, called off its merger with

📌 Adam Beck’s company, BSTR, called off its merger with a SPAC after failing to raise $1.5 billion in funding.

Last week, Bloomberg reported that Cantor had already allowed certain major investors to reduce their initial commitments ahead of the shareholder vote, as the deal was facing difficulties in attracting investors. . Bitcoin

– Last week, Bloomberg reported that Cantor had already allowed certain major investors to reduce their initial commitments ahead of the shareholder vote, as the deal was facing difficulties in attracting investors.

Since peaking in October, Bitcoin has lost nearly half its value, causing investors to become significantly more cautious about backing new Bitcoin custody solutions at current prices.

On Wednesday, it was officially announced that the initial agreement had been canceled, funding through a private placement had been terminated, the indefinite postponement of the shareholders meeting scheduled for July 10, and the return of shares to CEPO shareholders whose redemption requests were under review.

The firms stated that if a new agreement is reached, all details will be disclosed in future filings with the Securities and Exchange Commission (SEC).

Earlier this year, Beck told CoinDesk that launching during a downturn in the Bitcoin market could actually benefit BSTR, allowing the company to accumulate coins at lower prices ahead of a potential market recovery.

This position remains unchanged; however, the failure to raise $1.5 billion from institutional investors suggests that the market does not share this view.

BSTR is not the only firm in this situation. Across the Bitcoin treasury sector as a whole, the shares of publicly traded companies engaged in Bitcoin accumulation have plummeted along with Bitcoin itself, causing the premiums over market valuewhich initially made buying Bitcoin with equity capital attractiveto disappear.

CEPO shares are trading slightly above their key moving averages: approximately 1.9% above the 20-day SMA at $10.46 and 1.5% above the 200-day SMA at $10.49.

The RSI stands at 53.09a neutral reading indicating range-bound trading rather than a directional trend.

Key support is at $10.50, which coincides with the 50-day EMA and a broader cluster of long-term moving averages.

Holding this level gives buyers the opportunity to maintain control. A break below it would deprive the stock of its only near-term structural support.

While retail investors react to the market, lawmakers are already opening positions in specific stocks. Benzinga Edge covers each of their moves immediately after they are made public, so you can see where the money is actually going.”,”detected_source_language”:”RU