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PANews August 8 news, according to the Bitcoin treasury company The Bitcoin Standard Treasury Company (BSTR) latest announcement, the company has completed an additional $65 million financing, equivalent to about 555 Bitcoins (calculated at the current price of $116,750). The funds will be officially utilized after the merger of BSTR and CEPO business is completed. It is reported that the merged company will be traded under the stock code "BSTR" and plans to hold 30,021 Bitcoins. Previously, it was stated that BSTR has reached a final business merger agreement with Cantor Equity Partners I, Inc. (Nasdaq: CEPO). Cantor Equity Partners I, Inc. is a special purpose acquisition company initiated by a Cantor Fitzgerald affiliate. The merged company will also have access to up to $1.5 billion in private equity investment post-listing PIPE financing, which is the largest PIPE financing to date associated with Bitcoin reserves in SPAC merger transactions, and this SPAC will contribute an additional approximately $200 million depending on redemption conditions.
Over the past 2.5 years, it’s hit new highs with unusually low volatility — a sharp contrast to past bull cycles marked by wild swings.
Even after last month’s all-time high and last week’s dip, volatility is in the bottom 5% of all weekly readings over the last decade.
Source: ecoinometrics