Bitcoiner Chamath Palihapitiya files for $ 250 million focus on Defi, AI star-news.press/wp

The early Bitcoin investor and billionaire provides the “American Investment COSTISTITION CORP A”, which targets decentralized financing, AI, energy and defense sectors.

Special Capital Capital Service will lead Stephen Trio as CEO and Palihapitiya as president, According to To the registration statement submitted to the US Securities and Stock Exchange Committee on Monday.

An increase in $ 250 million seeks to provide 25 million shares at a price of $ 10 each under the AEXA index on the New York Stock Exchange.

Paihapitiya and Trieu are betting on decentralized financing, not Bitcoin, to lead the next wave of financial innovation, focusing on solutions that block traditional markets with Blockchain technology:

“While Mr. Pitcoin has long been as a hygiene and an alternative to Fiat currencies, we believe that the next stage of development is an increase in integration between traditional financing and decentralized financing.”

Execs says the circuit showed that Defi Can Can “is” medium “

The couple referred to the success of the last Stableco INTERNET GROUP list, saying that “he showed how decentralized financing can be used to dismantle traditional financial brokers and provide a clear value to customers through reduced friction.”

The owners of the investment capital admitted the path towards the prevailing acceptance of encryption and Stablecoins, “It took longer than expected,” but this path “now seems inevitable.”

Palihapitiya has mixed results with previous Spacs

Palihapitiya led many high -level Spacs during 2020 and 2021, including successful mergers that involve SUVRETTA HOLDINGS I and Social Capital Hedosophia Holdings V, which now works as SOFI technologies.

However, the other Spacs led by Palihapitiya, such as Capital Suvretta Holdings II and III, and IV, gave it a mixed record.

SPACS face challenges because they are bound by strict time limits to find a private company to integrate with it, and often struggle to identify companies that deserve high assessments, and work in light of a major organizational audit.

PALIHAPITIYA once condemned Crypto as dead in America

The name Spac in Palihapitiya, titled America, comes two years after the declaration of the “Dead in America”, referring to the former SEC president Gary Gensler to follow up on dozens of prominent lawsuits against encryption companies.

Related to: Ether etfs Smash Records as Crypto products see $ 3.75B flows

Critics described it as part of the Jinsler’s repression of the “strangling point of 2.0”, which is an alleged coordinated effort by the organizers to pressure banks in themselves from the encryption companies.

Many of these cases, including cases against Coinbase and Ripple, were rejected, under the new SEC for the Paul Atkins, which also created a coding workplace to provide clearer bases with a budget of innovation with consumer protection.

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