Crypto Execs Launch $200 Million SPAC to Connect Crypto Firms with Public Markets

A new Special Purpose Acquisition Company (SPAC) backed by experienced crypto executives is launching a $200 million venture aimed at merging private blockchain firms with public markets. Bitcoin Infrastructure Acquisition Corp (BIXIU), spearheaded by founders Ryan Gentry and James DeAngelis, aims to list on the Nasdaq and facilitate transactions between these entities. The SPAC’s focus lies in providing access to capital for crypto businesses involved in building foundational blockchain infrastructure, impacting companies within the rapidly developing DeFi sector. )