Free PR or Confession? Expert Thinks Adam Back Played the NYT Like a Prospectus
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Adam Back, CEO of Blockstream, is suggested to have leveraged media attention from the New York Times regarding Satoshi Nakamoto to promote his Bitcoin Standard Treasury Company (BSTR), which is nearing a public listing. Analysts note that this publicity is advantageous as BSTR completes a SPAC merger with Cantor Equity Partners I, featuring a $1.5 billion PIPE. The merger, expected to close in Q1 2026, positions BSTR with over 30,000 BTC, making it a significant player in the public Bitcoin treasury market.
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