Crypto Execs Launch $200M SPAC Bid with Nasdaq Listing Under ‘BIXIU’

A team of seasoned crypto executives is aiming to raise $200 million through a special purpose acquisition company (SPAC), adding to the surge of blockchain-related firms seeking public market ￰0￱ Takeaways: Bitcoin Infrastructure Acquisition ￰1￱ to raise $200 million via a Nasdaq-listed crypto SPAC under the ticker “BIXIU.” The SPAC will target firms in Web3, DeFi, and blockchain infrastructure, including wallets and tokenized finance ￰2￱ launch adds to a surge in crypto SPAC activity, with $575 million raised in just two ￰3￱ newly formed Bitcoin Infrastructure Acquisition Corp. Ltd., based in the Cayman Islands, filed with the US Securities and Exchange Commission on Wednesday to offer 20 million shares at $10 ￰4￱ firm plans to list on Nasdaq under the ticker “BIXIU.” Crypto SPAC Targets Web3, DeFi, and Blockchain Finance Sectors The blank-check company has not yet selected a merger target but said it would focus on firms operating in digital assets, Web3, financial infrastructure, and blockchain-powered sectors such as payments, decentralized finance (DeFi), and cross-border ￰5￱ company emphasized its intent to back core infrastructure ventures like wallets, custody platforms, exchanges, lending protocols, and tokenized financial ￰6￱ the SPAC is CEO Ryan Gentry, previously head of business development at Lightning Labs, the firm behind Bitcoin’s layer-2 Lightning ￰7￱ that, Gentry was an analyst at Multicoin Capital, a venture fund known for its bets on crypto-native firms and rumored to be working on a $1 billion Solana-focused takeover bid with Galaxy Digital and Jump ￰8￱ DeAngelis will serve as chief financial ￰9￱ most recently led finance at Kroll, a risk advisory firm involved in numerous crypto bankruptcy cases, including FTX, BlockFi, and Genesis.

S-1 filed for Bitcoin Infrastructure Acquisition Corp ￰10￱ is x-Lightning Labs and Multicoin Capital. $BIXIU ￰11￱ — UnHedgedChatter (@UnHedgedChatter) August 28, 2025 Kroll is currently facing legal action over a data breach that affected creditor data tied to those ￰12￱ joining the leadership team is Vikas Mittal, chief investment officer at Meteora Capital, which is sponsoring the ￰13￱ also chairs CSLM Digital Asset Acquisition Corp III, another crypto-focused SPAC that raised $230 million in its IPO this ￰14￱ board of Bitcoin Infrastructure features several notable names from the crypto ￰15￱ White, a former Kraken engineering director and current COO at DeFi Development Corporation, will chair the ￰16￱ members include Matt Lohstroh, co-founder of Bitcoin miner Giga Energy, and Tyler Evans, who co-founded Bitcoin Magazine publisher BTC Inc and currently heads UTXO ￰17￱ launch comes amid a flurry of crypto-linked SPAC ￰18￱ addition to CSLM’s $230 million raise, M3-Brigade Acquisition VI Corp closed a $345 million IPO this week, bringing the two-day SPAC fundraising total to $575 ￰19￱ Appetite Surges After Circle’s Blockbuster Debut The new wave of crypto-focused SPACs comes amid heightened investor interest in digital asset listings.

Circle’s June debut saw shares surge nearly 10x from the $31 offering price before settling at $149, underscoring strong market appetite for regulated crypto ￰20￱ month, institutional exchange Bullish more than tripled from its $37 IPO price on its first trading day, closing near $70 on ￰21￱ other crypto firms, including OKX, Grayscale, and Kraken, have either hinted at or initiated plans to go public. Meanwhile, listed industry leaders like Coinbase and MicroStrategy have recently hit multi-year highs.