BSTR-CEPO Merger: Large BTC Treasury Is a Catalyst, But Due Diligence Needed

I think the announcement that Bitcoin Reserve Company (BSTR) is preparing to merge and go public with CEPO while already holding over 30,000 BTC is a meaningful catalyst that could re-rate the company if the market values its crypto treasury appropriately.

That said, public-listing mechanics, deal terms, potential dilution, regulatory scrutiny and BTC price volatility create material execution risk. The headline BTC reserve is attractive, but it doesn’t replace the need to review the merger structure and audited reserves.

I will monitor filings, proof of reserves and transaction details closely — this is a high-upside story but one that requires careful due diligence before allocating a sizable position.