8-K: BSTR and Cantor Equity Partners I terminate July 16, 2025 business combination agreement

BSTR Holdings, Inc. and Cantor Equity Partners I, Inc. (Nasdaq: CEPO) agreed to terminate their business combination agreement dated July 16, 2025. BSTR cited continued pricing pressure on Bitcoin and publicly listed Bitcoin treasury vehicles, which has limited the efficient use of convertible bonds and perpetual preferred equity instruments. The company said it will continue pursuing active Bitcoin treasury management and expects investment opportunities to re-emerge as market conditions stabilize.

BSTR Holdings, Inc. and Cantor Equity Partners I, Inc. (Nasdaq: CEPO) agreed to terminate their business combination agreement dated July 16, 2025. BSTR cited continued pricing pressure on Bitcoin and publicly listed Bitcoin treasury vehicles, which has limited the efficient use of convertible bonds and perpetual preferred equity instruments. The company said it will continue pursuing active Bitcoin treasury management and expects investment opportunities to re-emerge as market conditions stabilize.