Leaderboard / Bitcoin Treasury / United States

Bitcoin Standard Treasury Company (via Cantor Equity Partners I) (CEPO) bitcoin per share

Flagged: excluded from the leaderboard.The SPAC merger that would attach these 30,021 BTC to the listed shares was scrapped in July 2026 and is being renegotiated. The coins sit in private BSTR Holdings, so dividing by CEPO share count produces a meaningless number. The figures below are shown for transparency only and should not be compared against ranked companies. See the methodology page.

BTC per share

0.00117729

BTC held ÷ shares outstanding

Sats per share

117,729.41 sats

1 BTC = 100,000,000 sats

BTC held

30,021 BTC

as of August 3, 2026

Shares outstanding

25,500,000

basic, as of August 3, 2026

USD value per share

live BTC spot × BTC per share

Leaderboard rank

Excluded

Data confidence: low

Bitcoin Standard Treasury Company (via Cantor Equity Partners I) is a dedicated bitcoin treasury company, which means BTC per share is not a curiosity here. It is the product. When accumulation is the whole strategy, the only question that matters is how much bitcoin stands behind each share and whether that number is rising or falling. Listed on Nasdaq and based in the United States, it holds 30,021 BTC against 25,500,000 shares outstanding, which works out to 117,729.41 satoshis per share. This company is excluded from the main bitcoinps.com leaderboard because its reported figures cannot be taken at face value; the details are covered below.

The math

The calculation is deliberately simple: 30,021 BTC (as of August 3, 2026) divided by 25,500,000 basic shares (as of August 3, 2026) gives 0.00117729 BTC per share. Put another way, you would need roughly 850 shares to hold one full bitcoin through this stock. We rate this row low confidence: one or both inputs are unverified, stale or structurally uncertain, so the figure should be read as indicative rather than precise.

Holdings context

Direction of travel matters more than the snapshot here. Disclosures point to this position being wound down or restructured, so the per-share figure is more likely to shrink or disappear than to grow between our updates.

Analyst note (2026-08-03): CAUTION - EXCLUDE OR FLAG: SPAC merger NOT closed. Original July 2025 merger agreement was scrapped July 2026; terms being renegotiated, PIPE dropped, shareholder vote postponed indefinitely. The 30,021 BTC sits in private BSTR Holdings (25,000 from Adam Back/founders), NOT attributable to CEPO's 25.5M SPAC shares. BTC/share math is meaningless until close. Ticker remains CEPO; would become BSTR post-close.

What would change this number

New share issuance. Any capital raise, ATM program or convertible conversion grows the share count and mechanically lowers BTC per share unless matching coins are added. This row has no heavy-issuer flag today, but that can change with a single financing announcement.
New bitcoin purchases or sales. Any change to the coin count moves the numerator one for one. Purchase announcements lift BTC per share immediately; sales, loans against the position or collateral arrangements cut or complicate it.

Quick reference: at the current figure, roughly 850 shares of CEPO represent one full bitcoin.

Sources

Listed on Nasdaq. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.