[BSTR Terminates Business Merger Agreement with Cantor Equity Partners] According to Businesswire, BSTR Holdings announced the termination of the business merger agreement signed with Cantor Equity Partners on July 16, 2025. The decision was attributed to valuation pressures on Bitcoin and publicly listed Bitcoin treasury companies under the current market environment, leading to a mismatch in capital markets and limiting the role of financing tools such as convertible bonds and perpetual preferred stock in Bitcoin treasury strategies. BSTR will continue to advance its institutional-grade Bitcoin asset management business.