Execs Execs Launch $ 200 million Speak offer with NASDAQ menu under ‘bixiu’ star-news.press/wp
Evolution journalist
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Evolution journalist
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A team of veteran encoding executives aims to raise $ 200 million through a special purpose acquisition company (SPAC), adding that companies related to the breaks that seek to obtain exposure to the public market.
Main meals:
- Bitcoin Infrastructure Custom Corp plans to collect $ 200 million via the encrypted SPAC on the Nasdak Stock Exchange under the “Bixiu” index.
- SPAC will target companies in WeB3, Defi and Blockchain, including governor and distinctive financing tools.
- The launch adds to an increase in the Crypto Spac activity, with a collection of $ 575 million in just two days.
Bitcoin Infrastructure Custom Corp. Ltd. Newly formed, based in the Kayman Islands, It was presented with the American Securities and Stock Exchange Committee On Wednesday to offer 20 million shares at a price of $ 10 each.
The company plans to include it on the Nasdak Stock Exchange under the “Bixiu” index.
Crypto SPAC targets Web3, Defi and Blockchain financing sectors
Blank-Check has not yet chosen the integration goal yet, but it said it will focus on companies that operate in digital assets, Web3, financial infrastructure, powered by Blockchain sectors such as payments, decentralized financing (Defi), and border financing.
The company confirmed its intention to support basic infrastructure projects such as the governor, nursery platforms, exchanges, lending protocols and distinctive financial tools.
SPAC is the CEO of Ryan Gentry, former head of business development in Lighting Labs, the company behind the Layer-2 network of Bitcoin.
Before that, Genrey was an analyst at Multicoin Capital, a project of project known for his prohibitions on encryption companies, and it is rumored that he is working on a billion -dollar acquisition of Solana with Galaxy Digital and Jump Crypto.
Jim Diangelis will work as financial manager. He recently led a funding in Kroll, a risk consultant company that participates in many cases of encryption, including FTX, Blockfi and Genesis.
Kroll is currently facing legal procedure on data breach that affected the creditor data associated with that bankruptcy.
It also joins the Vikas Mittal leadership team, the chief investment official of Meteora Capital, who sponsors the public subscription.
Mittal also heads CSLM Digital Asset Corp Corp III, another Spac focusing on encryption that raised $ 230 million in public subscription this week.
The Bitcoin Infrastructure Council features several prominent names of the encryption industry. Parker White, a former director of engineering at the current Kaken and CO at Defi Development Corporation, will chair the board of directors.
Among the other members are Matt Loastters, co -founder of Bitcoin Miner Giga Energy, and Tyler Evans, who co -founded the publisher of Bitcoin BTC Inc and the presidents of Utxo Management currently.
The launch comes amid a wave of encryptive Spac activity. In addition to increasing CSLM worth $ 230 million, the M3-Bricade Custom Corp has closed $ 345 million from the public subscription this week, thus reaching a total of two days for $ 575 million.
Investors ’appetite after the first time in Circle
The new wave of Spacs that focuses on encryption comes as the investor’s interest in digital asset lists. Serkel’s shares appeared in June approximately 10x of $ 31 before settling at $ 149, confirming the strong market appetite of organized encryption companies.
This month, Exchity Exchange doubles more than three times the price of the public subscription of $ 37 on the first trading day, closed near $ 70 on Friday.
Many other encryption companies, including OKX, Grayscale and Kaken, either hinted at plans or started to put them in the public. Meanwhile, the listed leaders such as Coinbase and Microstrategy have recently achieved multiple levels.
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2025-08-29 06:36:00
