Bitcoin News

Story: Crypto Executives Form $200M SPAC Targeting Bitcoin Infrastructure

By Sakamoto Nashi

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Rising Interest in Crypto SPACs. The move comes amid a surge of institutional and SPAC activity in the crypto sector.

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Experienced Leadership Team. The SPAC will be led by CEO Ryan Gentry, who spent five years at Lightning Labs, the developer…

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Board Enriched With Crypto Experts. The SPAC’s board of directors includes seasoned professionals from across the cryptocurrency sector.

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SPAC Strategy and Market Outlook. Bitcoin Infrastructure has not yet identified its acquisition target but plans to focus on…

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Implications for Bitcoin Infrastructure. The $200 million SPAC positions Bitcoin Infrastructure to target companies building critical…

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Looking Ahead. As crypto markets continue to mature, SPACs like Bitcoin Infrastructure Acquisition Corp.

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A group of seasoned crypto executives has joined forces to raise $200 million for a special purpose acquisition company (SPAC) focused on Bitcoin infrastructure.

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The SPAC aims to merge with an existing private company, taking it public while focusing on businesses involved in digital assets, Web3 technologies, financial services…

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“This team is well-positioned to identify companies building core infrastructure such as wallets, custody solutions, exchanges, lending protocols, tokenized financial…

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The move comes amid a surge of institutional and SPAC activity in the crypto sector. Several crypto-tied firms have made public debuts this year, including Circle Internet Group,…

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Bitcoin Infrastructure is joining this wave, leveraging the experience of executives deeply entrenched in the crypto ecosystem.

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The SPAC will be led by CEO Ryan Gentry, who spent five years at Lightning Labs, the developer behind Bitcoin’s layer-2 Lightning Network.

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James “Jim” DeAngelis has been appointed as the company’s financial chief. DeAngelis previously managed finance at risk advisory firm Kroll, which has been involved in multiple…

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Vikas Mittal, chief investment officer of Meteora Capital, will serve as a director and management team member.

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Other board members include Matt Lohstroh, co-founder of crypto miner Giga Energy, and Tyler Evans, co-founder of Bitcoin Magazine and UTXO Management, a Bitcoin-focused…

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