Bitcoin Infrastructure Acquisition SPAC Eyes Nasdaq Listing as BIXIU

A group of experienced crypto executives is raising $200 million through a special purpose acquisition company (SPAC) aimed at bringing a blockchain-focused business public. The new entity, Bitcoin Infrastructure Acquisition Corp., is based in the Cayman Islands and will trade on Nasdaq under the ticker BIXIU, according to its latest filing .

Source: SEC Website

The company plans to sell 20 million shares at $10 each and later merge with an existing firm. While a target has not been identified yet, the SPAC will focus on companies working in areas such as wallets, custody, exchanges, lending protocols, tokenized financial instruments, and blockchain-powered real-world applications including payments, DeFi, and cross-border finance.

Ryan Gentry’s Plan and Leadership Team

The SPAC will be led by Ryan Gentry , former head of business development at Lightning Labs, where he spent five years expanding the Lightning Network. Before that, he worked at Multicoin Capital as a lead analyst. His experience places him at the center of BTC and Web3 development, and the filing outlines Ryan Gentry’s plan to use this knowledge to identify and merge with a suitable company.

The leadership team includes:

• James “Jim” DeAngelis – Chief Financial Officer, with prior experience at Kroll, a firm handling multiple crypto bankruptcy cases.

• Vikas Mittal – Director and Chief Investment Officer of Meteora Capital, the sponsor of this SPAC, also linked to BTC Depot’s public listing in 2023.

• Parker White – Board Chair, former engineering director at Kraken, now Chief Operating and Investment Officer at DeFi Development Corporation.

• Matt Lohstroh – Co-founder of miner company Giga Energy.

• Tyler Evans – Co-founder of Bitcoin Magazine’s parent BTC Inc. and UTXO Management.

This mix of executives brings together backgrounds in Bitcoin Infrastructure, DeFi development, mining, exchanges, and venture investment.

A Surge in Crypto SPACs

The launch of Bitcoin Infrastructure Acquisition comes at a time when SPAC deals are rising. In just two days, two other SPACs raised a combined $575 million targeting cryptocurrency firms. These included CSLM Digital Asset Acquisition Corp III with a $230 million IPO and M3-Brigade Acquisition VI Corp with a $345 million IPO.

Wall Street’s appetite is growing for public listings in the digital asset sector. Earlier this year, Circle Internet Group and Bullish Exchange both made their market debuts. With its leadership network and focused strategy, Bitcoin Infrastructure hopes to capture this momentum by backing companies building the backbone of the blockchain economy.

Conclusion

The Bitcoin Infrastructure Acquisition SPAC highlights how crypto executives are uniting to take blockchain firms public. Backed by industry veterans and $200 million in funding, it reflects rising Wall Street interest in digital assets. This move could accelerate mainstream adoption of the Infrastructure and reshape crypto’s future in public markets.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.