- Bitcoin Infrastructure Acquisition Corp. aims to raise $200M on Nasdaq under ticker “BIXIU,” focusing on blockchain, Web3, and digital finance.
- The SPAC is led by Ryan Gentry, former Lightning Labs executive, with a board stacked with crypto veterans from Kraken, Giga Energy, and BTC Inc.
The race to bring crypto infrastructure companies into public markets is heating up, and a fresh $200 million special purpose acquisition company (SPAC) is the latest sign of momentum. Bitcoin Infrastructure Acquisition Corp., based in the Cayman Islands, has filed plans to go public on Nasdaq under the ticker BIXIU, with an initial offering of 20 million shares priced at $10 each. Unlike traditional IPOs, the SPAC has yet to name a merger target but is setting its sights on businesses shaping digital assets, Web3 technologies, and blockchain-driven finance.
Bitcoin Infrastructure SPAC Aims to Reshape Access to Blockchain and Digital Finance
At the heart of the new venture is a plan to identify companies building critical components of the crypto economy. These include custody solutions, digital wallets, trading platforms, lending systems, and tokenized instruments, essential infrastructure that underpins DeFi, payments, and cross-border financial flows. By going public via a SPAC, Bitcoin Infrastructure Corp. is positioning itself as a gateway for investors eager to back blockchain-powered innovation without waiting for individual startups to pursue IPOs.
Leading the effort is Ryan Gentry, who previously drove business development at Lightning Labs, the developer of Bitcoin’s layer-2 Lightning Network. His experience at venture capital firm Multicoin Capital adds credibility to the search for high-potential targets. The management team also includes James “Jim” DeAngelis as CFO, a finance veteran from risk adviser Kroll, and Vikas Mittal, the CIO of Meteora Capital, which has a track record of bringing crypto companies public through SPACs.
A Board Stacked with Crypto Veterans Highlights Wall Street’s Bet on Digital Assets
The company’s board features a roster of executives with deep roots in the crypto sector. Parker White, former engineering director at Kraken, now heads operations at DeFi Development Corporation, while Matt Lohstroh, co-founder of Giga Energy, and Tyler Evans, co-founder of BTC Inc. and UTXO Management, also bring operational and strategic depth. With such figures at the helm, the SPAC isn’t just raising capital, it’s betting on leaders who have already shaped key parts of the Bitcoin ecosystem.
This development fits into a broader wave of crypto firms hitting public markets. Stablecoin issuer Circle and crypto exchange Bullish have already made their debuts, while other SPACs continue to raise capital to bring blockchain companies into mainstream finance. As we discussed earlier, prominent business ventures such as American Bitcoin, co-owned by Trump brothers Donald Trump Jr. and Eric Trump are gearing up to list on Nasdaq after merging with Gryphon Digital Mining.
Together, these moves suggest that crypto public listings are no longer niche experiments but a growing pipeline for institutional investors and Wall Street’s appetite for blockchain exposure.
