币界网报道：ProCapital Holdings has announced a $1 billion SPAC deal aimed at accelerating institutional adoption of Bitcoin and other digital assets. The blank-check company plans to merge with an undisclosed crypto-focused firm, marking one of the largest such deals in the sector. This move comes as institutional interest in cryptocurrency grows, with ProCapital citing increasing demand from hedge funds, family offices, and asset managers for regulated crypto investment vehicles. The SPAC will focus on acquiring companies providing crypto custody, trading, and asset management services. Industry analysts note this reflects maturing infrastructure for institutional crypto participation, following recent Bitcoin ETF approvals and major financial firms entering the space. The deal is expected to close in Q4 2023, subject to regulatory approvals and shareholder votes.