Ryan Gentry, former Head of Business at Lightning Labs, has filed to establish a $200 million Special Purpose Acquisition Company (SPAC) named Bitcoin Infrastructure Acquisition Corp. The SPAC aims to list on Nasdaq under the ticker "BIXIU" and plans to go public through a merger with a target company. Its focus areas include digital assets, Web3 technologies, and financial services infrastructure. The SPAC is initiated by investment firm Meteora Capital, with board members including former Kraken Engineering Director, DeFi Development Corp COO, and Kindly (Nakamoto) Investment Director.