SPAC
Abra plans public debut as institutional demand for crypto yield grows
Abra CEO Bill Barhydt joins CoinDesk's Jennifer Sanasie on Public Keys to discuss the company's SPAC merger, valued at $750M, and why he sees strong tailwinds for digital asset wealth management. Plus, he breaks down client interest in DeFi yield, bitcoin-backed loans, and stablecoin products. He also shares his take on crypto legislation, Iran sanctions, and the road ahead for smart contract platforms.
Crypto wealth platform Abra to go public through $750 million SPAC deal
The transaction is expected to deliver as much as $300 million in cash, which will be used to expand the company's institutional crypto lending, yield and custody offerings.
Blockchain.com Has Held Talks to Go Public Via SPAC Deal: Sources
The crypto trading platform and wallet provider is being advised by Cohen & Company Capital Markets, according to a person familiar wih the matter.
Trump Media, Crypto.com to Build $6.4B CRO Treasury Firm, CRO Jumps 25%
Trump Media will buy $105 million in CRO tokens while Crypto.com takes $50 million in DJT stock as part of a partnership that makes the Cronos token central to Truth Social’s rewards system.
Crypto Treasury Fever Spreads to Ethena as $360M SPAC Deal Targets ENA Accumulation
A new Ethena treasury firm named StablecoinX aims to be listed on the Nasdaq, lined up big-name crypto investors including Pantera, Galaxy, Dragonfly, Polychain.
Ether Machine to List on Nasdaq Via SPAC With $1.5B Backing
It is backed by around $645 million worth of ETH from Chairman Andrew Keys and a further $800 million from an array of high-profile investors
Crypto Treasury Firm ReserveOne Going Public in $1B SPAC Deal
The newly-created firm led by former Hut 8 CEO Jamie Leverton plans to hold a basket of cryptos, including bitcoin, ether and solana.
Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT
The crypto advocate is preparing to lead ProCapBTC in bid to mirror the bitcoin treasury strategy pioneered by Strategy's Michael Saylor, the Financial Times reported.
Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick
Crypto power players back $3B bitcoin SPAC as Trump-era policies spark new wave of institutional bets.
Bitcoin Rewards App Fold Volatile in Wall Street Debut
The firm, which holds 1,000 BTC, went public on the Nasdaq Wednesday via a SPAC merger.
