Over the last five years, miners have become key AI infrastructure providers, public companies like MicroStrategy have normalized Bitcoin treasuries, and a cohort of mature, cash-flowing Bitcoin-native firms has emerged, leading Gentry to launch a $220 million SPAC to take operating Bitcoin businesses public so they can tap cheaper capital, greater institutional trust, and better hiring via public equity.
Worth the listen, very surprised to hear the news about the launch of his SPAC. Not somebody, I would've guessed to do one especially after leaving Lightning Labs.