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Adam Back's BSTR Scraps SPAC Merger After Failing to Secure $1.5B in Financing | WAPE

Newsbenzinga

Adam Back's BSTR Scraps SPAC Merger After Failing to Secure $1.5B in Financing

Jul 8, 2026, 16:31 ET · Published

Article summary

Adam Back's BSTR scraps its Cantor SPAC merger after failing to raise $1.5B as Bitcoin's 50% drop kills institutional appetite.

An excerpt from the original article.

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