SPAC financing reached a new high since 2021, with cryptocurrency being one of the main trading areas

ChainCatcher news, The Kobeissi Letter posted on the X platform stating that since 2024, SPAC (Special Purpose Acquisition Company) founders have raised over $24 billion, surpassing the total of the previous two years. 2025 is expected to be the strongest year for SPAC performance since 2021. Recently, most SPAC transactions have focused on the nuclear energy, quantum computing, and cryptocurrency industries.

However, among the 589 companies that went public through SPACs since 2019, only 11% currently have stock prices above their original offering price. During this period, 31% of the companies have gone bankrupt or been acquired, and 48% of the companies have seen their market value decline by 50% to 99%.