Online reports that Bitcoin Standard Treasury (BSTR), led by cryptography pioneer Adam Back, announced that it is preparing to list on the Nasdaq through a merger with Cantor Equity Partners (CEPO). It currently has 30,021 BTC on its balance sheet and plans to increase its bitcoin reserves to more than 50,000. It is expected to overtake MARA Holdings (MARA) and become the second largest BTC holder after Strategy. As of now, MSTR, MARA and BSTR hold a total of approximately 710,000 bitcoins, accounting for approximately 3.38% of the fixed supply of 21 million bitcoins.