Bitcoin News Today: Bitcoin Infrastructure SPAC Targets Crypto's Next Big Build-Out

Bitcoin Infrastructure Acquisition, a special purpose acquisition company (SPAC) focused on the digital asset industry, has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $200 million through an initial public offering (IPO). The offering will consist of 20 million units priced at $10 each, with each unit comprising one share of common stock and one-half of a warrant exercisable at $11.50. If successful, the SPAC will list on the Nasdaq under the ticker symbol BIXIU and will be managed by a team with extensive experience in the crypto and financial sectors [1].

The SPAC is led by Ryan Gentry, who previously served as head of business development at Lightning Labs, a prominent developer of Bitcoin’s layer two Lightning Network. Gentry brings a background in venture capital, having worked at Multicoin Capital, and his leadership is seen as a strategic asset for targeting infrastructure-focused digital asset companies [1]. The board includes Vikas Mittal, CIO of Meteora Capital and former member of GSR II Meteora Acquisition, which merged with Bitcoin Depot in June 2023. Mittal is also involved in another SPAC, CSLM Digital Asset Acquisition Corp III, which recently completed a $230 million IPO [2].

Bitcoin Infrastructure Acquisition aims to capitalize on the growing digitization of financial infrastructure by targeting businesses in digital assets, Web3 technologies, financial services infrastructure, and blockchain-driven models. The SPAC’s team emphasizes its ability to identify key infrastructure builders, such as wallet providers, custodians, and lending protocols, as well as real-world blockchain applications in payments, decentralized finance (DeFi), and cross-border finance [1]. According to the SPAC’s prospectus, the timing aligns with increasing institutional adoption and regulatory clarity, which the team views as favorable conditions for backing mission-driven businesses [2].

The SPAC’s board of directors includes several well-known figures in the crypto space. Parker White, the company’s chairman, brings experience from Kraken and DeFi Dev Corp. Matt Lohstroh, co-founder of Giga Energy and a Forbes 30 Under 30 honoree, and Tyler Evans, co-founder of UTXO Management, further enhance the team’s credibility. Evans, currently CIO of Kindly MD, was instrumental in merging with Nakamoto Holdings to create a Bitcoin-focused investment firm [2].

The filing comes amid a surge in SPAC activity in the crypto sector, with two other SPACs raising $575 million in the previous two days. CSLM Digital Asset Acquisition Corp III and M3-Brigade Acquisition VI Corp both closed IPOs, signaling strong investor interest in digital asset-related opportunities [3]. Bitcoin Infrastructure Acquisition’s IPO, supported by Cohen & Company Securities as the sole bookrunner, is part of a broader trend of Wall Street capital flowing into crypto-related SPACs, which aim to take private crypto companies public [1].

Source:

[1] 'Bitcoin Infrastructure' SPAC Files Plans To Raise $200M (https://www.law360.com/articles/2381928/-bitcoin-infrastructure-spac-files-plans-to-raise-200m)

[2] Daily SPAC Update - August 28, 2025 (https://www.boardroomalpha.com/daily-spac-update-august-28-2025/)

[3] Crypto Executives Plan $200M Bitcoin Infrastructure IPO (https://cointelegraph.com/news/crypto-execs-file-200m-bitcoin-infrastructure-acquisition-spac)