Bitcoin Infrastructure Acquisition SPAC is raising $200 million via a Nasdaq IPO to merge with a private crypto business focused on wallets, custody, exchanges, DeFi and payments. The SPAC will offer 20 million shares at $10 under ticker BIXIU and is targeting blockchain infrastructure firms.
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SPAC size and ticker: 20 million shares at $10 under the ticker BIXIU on Nasdaq.
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Leadership includes CEO Ryan Gentry (former Lightning Labs BD lead) and CFO James DeAngelis, with board members experienced in crypto mining, exchanges and publishing.
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Two related crypto SPACs raised $575 million in two days: CSLM Digital Asset Acquisition Corp III ($230M) and M3-Brigade Acquisition VI Corp ($345M).
Bitcoin Infrastructure Acquisition SPAC leads a $200M Nasdaq IPO push with BIXIU, targeting blockchain infrastructure firms—read key details and implications for crypto investors.
Bitcoin Infrastructure Acquisition Corp Ltd is seeking to raise $200 million via a Nasdaq IPO to find and merge with a crypto or blockchain infrastructure company.
What is Bitcoin Infrastructure Acquisition SPAC?
Bitcoin Infrastructure Acquisition SPAC is a Cayman Islands–based special purpose acquisition company aiming to raise $200 million by offering 20 million shares at $10 on Nasdaq under the ticker BIXIU. The SPAC will search for a private target in digital assets, Web3, financial infrastructure and blockchain-driven business models.
How will the $200 million IPO be deployed?
The SPAC will use proceeds to complete a business combination (reverse merger) with a private company, fund post-merger growth and provide public-market liquidity. Focus areas include wallets, custody, exchanges, lending protocols, tokenized financial instruments, payments, DeFi and cross-border finance.
Who are the executives and what are their backgrounds?
CEO Ryan Gentry led business development at Lightning Labs and was previously lead analyst at Multicoin Capital. CFO James “Jim” DeAngelis has led finance at risk adviser Kroll. Director Vikas Mittal is CIO of Meteora Capital and has sponsored crypto SPAC activity.
The board includes Parker White (former Kraken engineering director), Matt Lohstroh (Giga Energy co‑founder) and Tyler Evans (BTC Inc co‑founder and UTXO Management partner), adding seasoned crypto infrastructure experience.
Why are crypto SPACs attracting capital now?
Wall Street has channeled billions into crypto-related public debuts in 2025, including stablecoin issuers and exchanges. SPACs promise faster routes to public markets for private crypto firms and are raising significant capital amid renewed investor appetite for blockchain infrastructure.
What recent SPAC fundraising activity is relevant?
Two SPACs raised $575 million over two days: CSLM Digital Asset Acquisition Corp III closed a $230 million IPO, and M3-Brigade Acquisition VI Corp raised $345 million. Prior SPACs from these sponsors have targeted crypto firms, including crypto ATM and management companies.
When will a target be announced?
The company has not yet selected a definitive acquisition target. SPAC timelines vary, but sponsors typically identify and announce negotiations within months following IPO close, subject to regulatory and shareholder approvals.
Comparative SPAC fundraising table
| SPAC | Amount Raised | Target Focus |
|---|---|---|
| Bitcoin Infrastructure Acquisition Corp (BIXIU) | $200 million | Blockchain infrastructure, wallets, custody, DeFi |
| CSLM Digital Asset Acquisition Corp III | $230 million | Crypto firms |
| M3-Brigade Acquisition VI Corp | $345 million | Crypto management and services |
Frequently Asked Questions
How many shares is the SPAC offering and at what price?
The SPAC plans to offer 20 million shares at $10 each on Nasdaq under the ticker BIXIU, aiming to raise $200 million to pursue a merger with a crypto infrastructure company.
Is the SPAC targeting a specific blockchain sector?
Yes. The sponsor plans to focus on companies building core infrastructure—wallets, custody, exchanges, lending protocols, tokenized instruments—and real-world blockchain applications in payments, DeFi and cross-border finance.
Key Takeaways
- Fundraise size: Bitcoin Infrastructure Acquisition aims to raise $200M with a 20M-share IPO at $10 (BIXIU).
- Experienced team: Leadership includes Ryan Gentry (Lightning Labs), James DeAngelis (Kroll) and industry board members.
- Market context: Multiple crypto SPACs raised large sums in recent days, highlighting investor interest in public crypto infrastructure plays.
Conclusion
Bitcoin Infrastructure Acquisition SPAC is positioning itself to bring a private blockchain infrastructure company public via a $200 million Nasdaq IPO (BIXIU). With seasoned crypto executives and a clear focus on wallets, custody, exchanges and DeFi, the SPAC reflects renewed capital flows into crypto infrastructure. Watch for target announcements and regulatory disclosures as the deal process advances.
