---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-064922"
form_type: "8-K"
ticker: "CEPO"
cik: "0002027708"
company_name: "Cantor Equity Partners I, Inc."
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T06:02:46.394997+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# CEPO to combine with BSTR in $1.5B+ PIPE; Bitcoin treasury of 30,021 BTC

## Summary
- Up to $1.5B fiat PIPE ($400M equity, $750M convertible notes, $350M convertible preferred) plus 5,021 Bitcoin in-kind from Bitcoin OGs.
- Founders contribute 25,000 Bitcoin at $10/share; combined public company to have 30,021 Bitcoin (4th largest public Bitcoin treasury).
- Dr. Adam Back (Hashcash inventor, Blockstream co-founder) named CEO; Sean Bill as CIO; combined company to trade under ticker BSTR.
- $500M convertible notes committed with options for up to $250M more; conversion price $13/share; $30M preferred stock with option for up to $320M.
- Transaction expected to close Q4 2025, subject to CEPO shareholder approval and customary conditions; CEPO trust may contribute up to ~$200M.

## SEC filing metadata
- accession: 0001213900-25-064922
- form_type: 8-K
- ticker: CEPO
- cik: 0002027708
- company_name: Cantor Equity Partners I, Inc.
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2027708/000121390025064922/0001213900-25-064922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2027708/000121390025064922/ea0249323-8k425_cantor1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-064922
- JSON: https://secwatch.observer/filing/0001213900-25-064922.json
- Plain text: https://secwatch.observer/filing/0001213900-25-064922.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.