Bitcoin Bull Palihapitiya Files $250M DeFi SPAC

The group said DeFi integration with traditional finance is the “next stage” of growth, citing Circle’s public listing as evidence.

Bitcoin investor and billionaire Chamath Palihapitiya has filed to raise $250 million through “American Exceptionalism Acquisition Corp A,” a SPAC targeting decentralized finance, AI, energy, and defense sectors. The listing will offer 25 million shares at $10 each under ticker AEXA.

Social Capital partner Steven Trieu will serve as CEO, while Palihapitiya takes the chairman role. The group said DeFi integration with traditional finance is the “next stage” of growth, citing Circle’s public listing as evidence.

Palihapitiya previously declared crypto “Dead in America” two years ago, criticizing SEC enforcement under Gary Gensler. With Paul Atkins now leading the SEC, the SPAC marks Palihapitiya’s renewed Bitcoin optimism.

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