[Adam Back's BSTR Advancing IPO Plans, Seeking Shareholder Approval as Early as April] According to CoinDesk, the Bitcoin Standard Treasury Company (BSTR), led by Adam Back, is advancing its IPO plans and is expected to seek shareholder approval as early as April. The company aims to go public through a merger with Brandon Lutnick's Cantor Equity Partners I. BSTR plans to hold 30,000 bitcoins on its balance sheet at the time of listing, with 25,000 bitcoins contributed by Back and other founding shareholders, and 5,000 bitcoins provided by early investors as in-kind contributions. Back told CNBC that weaker bitcoin prices could benefit BSTR's listing, as a lower reference price allows the company to accumulate more bitcoins at a discount, which could strengthen the balance sheet and enhance long-term upside potential if market conditions improve. He attributed the recent bitcoin decline to macro factors such as geopolitical tensions and tariff uncertainties, rather than the regulatory environment, and stated that the current U.S. regulatory backdrop is favorable.