[Bitcoin Reserve Company BSTR Seeks to Amend SPAC Merger Agreement with Cantor] BlockBeats News, July 8, according to Bloomberg, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald and Adam Back's Bitcoin Reserve Company BSTR announced that both parties have abandoned the original terms of the proposed merger and will renegotiate a revised agreement. Against the backdrop of a tightening crypto market environment and challenges faced by Bitcoin reserve companies, the two parties decided to adjust the transaction arrangement. Cantor Equity Partners I Inc. and BSTR Holdings stated on Wednesday that they will no longer proceed with the merger under the agreement signed last year but will seek to establish revised transaction terms that better reflect current market conditions. However, the two companies did not disclose the specific financial terms of the new deal or indicate when a new agreement might be reached. [Original Link]