# Adam Back's Bitcoin Treasury Firm Scraps Its SPAC Merger and Seeks New Terms

Bitcoin Standard Treasury and Cantor's blank-check vehicle postponed their shareholder vote indefinitely and pledged to renegotiate the structure amid financing strain.

- Published: 2026-07-09T05:30:42.272Z
- Canonical: https://polylog.news/crypto/2026-07-09/adam-back-s-bitcoin-treasury-firm-scraps-its-spac-merger-and
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/07/08/adam-back-s-bstr-scraps-original-spac-terms-seeks-new-deal), [Bitcoin Magazine](https://bitcoinmagazine.com/news/cantor-spac-adam-backs-bitcoin-treasury), [Bitcoin Magazine (Schwab)](https://bitcoinmagazine.com/news/schwab-strategist-backs-bitcoin-strategy)

Bitcoin Standard Treasury Company, the accumulation vehicle associated with Blockstream co-founder Adam Back, will not complete its merger with Cantor Equity Partners under the original July 2025 terms and has postponed its shareholder meet…

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