Sean Bill, CIO of Bitcoin Standard Treasury (BSTR), a Bitcoin strategy accumulation company founded by Adam Back, stated that it plans to remain a private company for the time being. Attending the Bitcoin Treasury Conference, he added, "A bull market will be needed to pursue listing again. We are reviewing from scratch to find the most suitable structure for the company." Previously, in July, it was reported that BSTR was renegotiating merger terms with the special purpose acquisition company (SPAC) Cantor Equity Partners (CEPO).