Bitcoin Infrastructure Acquisition Corp Ltd, a crypto SPAC, aims to raise $200 million by offering 20 million shares at $10 each on the Nasdaq under the ticker “BIXIU.” The company plans to merge with a target in digital assets, Web3 technologies, and blockchain-driven business models.

CEO Ryan Gentry, who led Lightning Labs, will head Bitcoin Infrastructure. Financial chief Jim DeAngelis, from risk adviser Kroll, and director Vikas Mittal from Meteora Capital will also be part of the management team. The board includes Parker White from Kraken and Matt Lohstroh from Giga Energy.

Two crypto SPACs raised a total of $575 million in two days. CSLM Digital Asset Acquisition Corp III closed a $230 million IPO, while M3-Brigade Acquisition VI Corp raised $345 million. M3-Brigade’s parent firm took ReserveOne public in July. SPACs continue to attract Wall Street investments in crypto public debuts.

Read more at Cointelegraph: Crypto Executives Plan $200M ‘Bitcoin Infrastructure’ IPO