Former Facebook executive Chamath set up a $250 million SPAC company seeking mergers with companies in areas such as DeFi

Foresight News According to Bloomberg, former Facebook executive Chamath Palihapitiya has set up the latest blank check company after giving up the stock industry nearly three years after giving up the stock industry, saying its $250 million special purpose acquisition company American Exceptionalism Acquisition Corp. A will seek to merge with a company in energy production, artificial intelligence, decentralized finance or defense industry.


Chamath Palihapitiya has been optimistic about Bitcoin for many years and has vigorously promoted the demand for products such as stablecoins and blockchain technology.

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