[Bitcoin Pioneer Adam Back's BSTR Plans to Go Public in April, Holding 30,000 Bitcoins] Deep Tide TechFlow reports, on February 24, according to CoinDesk, Bitcoin Standard Treasury Company (BSTR) CEO Adam Back stated that despite Bitcoin's recent price drop to around $63,000, the company still plans to go public as early as April this year, pending shareholder approval, through a SPAC merger with Cantor Equity Partners I (CEPO). BSTR will debut with a balance sheet of 30,000 bitcoins, of which 25,000 are provided by Back and founding shareholders, and 5,000 are contributed in kind by early investors. Back believes that the current lower Bitcoin price is actually beneficial for the company to accumulate more Bitcoin at a discounted price after going public. He attributes the recent Bitcoin price drop to macroeconomic uncertainty rather than regulatory issues.