Running Bitcoin Standard Treasury.
@adam3us @macrocrunch
@bstrco Names Bob Stefanowski as CFO. He served as CEO of NEOM USA, where he led the structuring and financing of large-scale infrastructure and project finance transactions in the Middle East, and previously, CFO of UBS Investment Bank. businesswire.com/news/home/2…
Bitwise Executive Katherine Dowling Joins Bitcoin Standard Treasury Company @bstrco to Serve as President and Board Member Ahead of Landmark SPAC Business Combination apnews.com/press-release/bit…
The Bitcoin Standard Treasury Company retweeted
Financing the Future on #Bitcoin! @PrestonPysh and I discuss what the future looks like when it runs on #BTC rails. Great discussion @bitcoinpark_ @bstrco @Blockstream @adam3us
.@macrocrunch didn't mince words.
He's looking to help @Blockstream and BSTR create the Berkshire Hathaway of Bitcoin by managing an active treasury and helping find efficiencies in the market to increase their Bitcoin treasury.
He sat down with @PrestonPysh to explain the real-world use cases of a Bitcoin treasury at CTS25
The Bitcoin Standard Treasury Company retweeted
The Bitcoin Journey with Adam Back
Welcome back to The Bitcoin Treasuries Podcast.
Powered by @OnrampBitcoin.
Today's guest is Adam Back, Co-Founder and CEO of blockstream.com & Co-Founder and CEO of @bstrco.
We are joined by co-hosts @ejuline and @nithusezni.
We discuss the journey of Bitcoin Treasury companies to date, how Adam allocates his time these days, the first time Adam saw the Bitcoin whitepaper, and much more.
Here's our conversation with @adam3us.
0:00 - Intro
0:18 - If Bitcoin were a sport, which one would it be?
2:10 - How long will this cycle be?
7:00 - The journey of Bitcoin Treasury companies to date
19:41 - How does Adam allocate his time these days?
23:23 - When Adam first saw the Bitcoin Whitepaper
28:23 - Do Bitcoin Treasury companies need to be aware of code changes?
38:01 - Will everyone be developers in the future?
41:37 - Can the taproot upgrade be patched?
51:10 - Can all nodes be prunable?
55:00 - Is there any hope for Treasury companies building on Altcoins?
Final & updated numbers are in: Across July & August, BSTR secured $1.3 billion in fiat commitments:
$400m common equity
$575m convertible senior notes
$300m convertible preferred stock
Plus (as previously announced): 5,021 BTC via the in-kind PIPE, 25,000 BTC from founding shareholders, and up to ~$200m from CEPO at Closing (subject to redemptions).
Our updated investor presentation reflecting these details is available here:
sec.gov/Archives/edgar/data/…
For more important information in this regard, please also see the following 8-K filed by CEPO with the SEC: sec.gov/ix?doc=/Archives/edg…
Built to HODL. Structured for scale.
$BSTR is the ultimate in bitcoin treasury companies.
coindesk.com/markets/2025/08…
We have raised an additional $65 million - equivalent to approximately 555 Bitcoin at today’s price of $116,750. The funding will become available on closing of BSTR–CEPO business combination. Please see Form 8-K filed with the SEC by $CEPO for important information on this.
see the 8-K filing referenced above on SEC website. sec.gov/ix?doc=/Archives/edg…
$CEPO $BSTR @Official_Cantor @Brandonlutnick . photo courtesy @nasdaq markets. @macrocrunch @adam3us











