Encryption giants join forces to invest $200 million, Bitcoin Infrastructure SPAC lands on NASDAQ

As the IPO craze for Crypto Assets rises again, a group of heavyweight executives in the crypto circle is joining forces to raise $200 million to promote a SPAC (special purpose acquisition company) focused on Bitcoin infrastructure to land on NASDAQ. The company, named Bitcoin Infrastructure Acquisition Corp Ltd, plans to issue 20 million shares at $10 per share, with the stock code BIXIU, targeting acquisition opportunities in the fields of digital assets, Web3, financial infrastructure, and Blockchain applications.

####Locking Bitcoin and Web3 Core Infrastructure

According to regulatory documents, Bitcoin Infrastructure will look for companies that build core encryption infrastructure, including:

1. Wallet and Custody Services

2. Crypto Assets Exchange

3. Lending Agreements and Tokenized Financial Instruments

4. Payment, DeFi, and Cross-Border Financial Applications

This means that the investment direction of the SPAC will directly cover the underlying pillars of Bitcoin and the Web3 ecosystem, paving the way for future acquisitions and listings.

####Leaders: Lightning Labs, Multicoin, Meteora and other big names gathered

CEO Ryan Gentry: Formerly the Head of Business Development at Lightning Labs, focused on the Bitcoin layer 2 Lightning Network, and previously served as Chief Analyst at Multicoin Capital.

CFO James "Jim" DeAngelis: Formerly the financial officer at Kroll, a company that acted as a claims agent in multiple Crypto Assets bankruptcy cases.

Director Vikas Mittal: Chief Investment Officer of Meteora Capital, who previously facilitated the listing of Bitcoin Depot via a special purpose acquisition company.

The board of directors is equally dazzling:

Chairman Parker White: Former CEX Engineering Director, currently Investment Director at DeFi Development Corporation.

Matt Lohstroh: Co-founder of crypto miner Giga Energy.

Tyler Evans: Co-founder of BTC Inc and UTXO Management, currently the Investment Director at Kindly.

####SPAC financing boom: raised 575 million USD in two days

The 200 million dollar IPO of Bitcoin Infrastructure comes during a period of inflow of capital into crypto SPACs:

1. CSLM Digital Asset Acquisition Corp III: Completed a $230 million IPO, targeting the acquisition of a crypto company.

2. M3-Brigade Acquisition VI Corp: Completed a $345 million IPO, the parent company had previously brought the crypto assets management company ReserveOne to market.

In just two days, two SPACs raised a total of $575 million, demonstrating the capital market's high interest in crypto infrastructure and acquisition opportunities.

####Industry Significance: Bitcoin Infrastructure Enters Capital Acceleration Phase

The IPO of Bitcoin Infrastructure reflects several important trends:

Institutional capital is deeply involved: from mining, exchanges to Layer 2 networks, institutions are comprehensively laying out Bitcoin infrastructure.

SPAC becomes a shortcut for crypto companies to go public: bypassing the lengthy traditional IPO process, accelerating capital inflow.

Bitcoin ecosystem upgrade: Infrastructure investment will directly drive the implementation of applications such as payments, DeFi, and cross-border settlement.

####Conclusion

The Bitcoin Infrastructure Acquisition Corp Ltd, jointly promoted by leaders in the Crypto Assets industry, is not only a $200 million SPA financing but also a signal that Bitcoin infrastructure is entering a capital acceleration phase. With the addition of key figures such as Lightning Labs and Meteora, this merger and listing game may reshape the industrial landscape of Bitcoin and Web3. For more real-time market data and in-depth analysis, please follow the official Gate platform.