Bitcoin Infrastructure Acquisition, a blank check company targeting the digital asset industry, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
Bitcoin Infrastructure Acquisition is led by CEO Ryan Gentry, who previously led Business Development at Lightning Labs. He is joined by Director Vikas Mittal, the Managing Member and CIO of Meteora Capital, and Chairman Parker White, the COO and CIO of DeFi Dev Corp (Nasdaq: DFDV). Mittal brings previous SPAC experience, including serving as a member of GSR II Meteora Acquisition, which merged with Bitcoin Depot (BTM; -86% from $10 offer price) in June 2023.
The SPAC plans to focus on sectors aligned with the ongoing digitization of financial infrastructure, including digital assets, Web3 technologies, financial services infrastructure, and other blockchain-driven business models.
Bitcoin Infrastructure Acquisition plans to list on the Nasdaq under the symbol BIXIU. Cohen & Company Securities acted as sole bookrunner on the deal.
