Cantor and BSTR are reworking the financing behind a large Bitcoin treasury venture after the original funding package ceased to be binding, according to CryptoSlate. The arrangement was tied to roughly 30,021 BTC and linked to Blockstream co-founder Adam Back. With the prior structure no longer in force, the two parties are negotiating new terms, effectively converting what was intended as a straightforward treasury launch into a fresh test of investor appetite. The outcome now depends on whether backers commit under revised conditions, raising uncertainty about the deal's scale and timing. The renegotiation underscores broader questions about how Bitcoin treasury vehicles are financed and how sensitive they remain to market sentiment and shifting capital commitments. Details of the updated terms have not been finalized, and the parties continue discussions.
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