Key Highlights

  • BSTR Holdings’ subsidiary obtained a $4.6 million loan to fund operating expenses and merger‑related costs.
  • The loan carries an interest rate of SOFR plus 3.90%, with payments beginning after the first year.
  • Repayment is due upon merger completion or within two years, whichever occurs first.

Loan Agreement Terms

BSTR Holdings, Inc. Disclosed a loan agreement to support its pending business combination. The financing, extended to its subsidiary BSTR Newco, LLC, was executed in mid‑2026, with proceeds earmarked for operating costs and merger‑related expenses.

Interest payments commence after the first year of the agreement, and the full balance becomes payable upon merger completion or within two years of that event.

Amendments Boost Principal

The original $2.5 million loan was increased twice. The first amendment, effected in early June, added $1.1 million, raising the total to $3.6 million. A second amendment, made in early July, contributed an additional $1 million, bringing the principal to $4.6 million.

The loan permits prepayment without penalties.

SEC Filing Context

The loan details were disclosed in BSTR Holdings’ Form S‑4 registration statement filed with the SEC. The filing supports the proposed merger with Cantor Equity Partners I, Inc. Any further amendments to the merger terms may trigger additional SEC disclosures.

The loan’s terms remain unchanged aside from the principal increases noted above. These exhibits provide the full text of the agreements and the related conditions governing the loan.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.