I heard that Strategy sold 25000 bitcoins: native to BSTR through OTC for $1.5 billion in cash, with an average price of approximately $60000. Although this price is lower than the current average MSTR position, considering that MSTR had low-priced positions in the early days, it may not be unacceptable. After OTC, MSTR's cash reserves increased to $2.9 billion, and BSTR's Bitcoin reserves increased to 55021 Bitcoin. It is currently uncertain whether this is true. If it is true, it has indeed eased some of MSTR's cash pressure. At the same time, OTC's Bitcoin reserves for another BTC will not put pressure on BTC's spot price. At present, the incident has not been confirmed and cannot be confirmed to be true. Today is Friday, and the latest reserve data will be updated on the Strategy official website on Monday, and we will know at that time. Currently, it still shows holding 847363 Bitcoin coins BSTR is a Bitcoin Treasury company preparing to go public through SPAC, with a core model similar to Strategy, both holding BTC on the balance sheet of the listed company. BSTR plans to go public through a merger with Cantor Equity Partners I, Inc. (CEPO), and is expected to use BSTR as the trading code after the merger is completed. CEPO is a SPAC initiated by Cantor Fitzgerald affiliates. The BSTR book plan includes 30021 BTC, of which 25000 BTC comes from the contribution of the founding shareholders, and the remaining 5021 BTC is Bitcoin physical PIPE, which means injecting BTC directly into the financing. In addition, there is a maximum of $1.5 billion in fiat PIPE financing, as well as approximately $200 million in cash from CEPO SPAC. But the key point is that BSTR cannot be fully regarded as a company that has already been listed and operated normally. The latest public information shows that CEPO was originally scheduled to hold a shareholders' meeting on June 26, 2026 to approve the business merger with BSTR, but the meeting has been postponed to July 2, 2026, and the redemption deadline has also been extended to June 30.