Over the past week, we've had roughly 41 fundraises by companies across the board. While a few have been loading up Bitcoin and Litecoin, others are raising with expansion in mind. Here's a quick breakdown of who raised how much this week.
@0xEdyme MEI Pharma, a publicly traded pharmaceutical firm, made headlines by raising $100 million through a private placement led by Litecoin creator Charlie Lee. They're pivoting their treasury holdings entirely to Litecoin, marking an audacious shift to crypto stacking.
QCEX, a derivatives exchange with coveted CFTC licenses, was snapped up by Polymarket in a deal worth $112 million. This strategic move positions Polymarket to dominate regulated prediction markets in the US, a space that's heating up rapidly.
Blockskye raised $15.8 million in a round led by Blockchange Ventures, bringing their total funding to $33 million. Their blockchain-powered platform makes corporate travel payments transparent and cost-effective, turning a traditionally dull business expense into a trillion-dollar blockchain opportunity.
Standard Chartered-backed Zodia Custody raised $18.25 million to strengthen its institutional-grade crypto custody solutions. Big banks entering crypto adds a layer of validation, but we'll have to watch out for potential centralization risks.
@ZodiaCustody Crypto mining giant MARA announced a massive $950 million convertible note offering, specifically to ramp up their Bitcoin holdings. This highlights Bitcoin’s maturity as a corporate treasury asset.
@MARA Falcon Finance secured $10 million to expand their cross-chain stablecoin offerings. With controversial backing (Trump-linked WLFI), Falcon is pushing stablecoin adoption deeper into CeDeFi territory.
@FalconStable Gaia secured $20 million via its Series A funding from ByteTrade and SIG. They run decentralized AI agents on user-owned nodes, pushing back against centralized AI monopolies like OpenAI by keeping data privacy front and center.
@Gaianet_AI Lightyear raised $23 million in Series B funding led by NordicNinja to expand its AI-enhanced, commission-free investment platform. They’re eyeing a web3 integration, hinting at an exciting CeFi-DeFi crossover coming soon.
@go_lightyear Circle raised $12 million in a seed round to develop their onchain earning app on Hyperliquid. Betting on perpetual DEX liquidity pools, Circle aims to simplify DeFi yields for everyday users.
The takeaway: Bitcoin treasuries, Litecoin plays, and tokenization of TradFi assets suggest that crypto is becoming a corporate staple. Meanwhile, infrastructure, sustainability, and institutional adoption were the clear themes this week, with AI and RWA companies making headlines alongside. Full scoop's up on the site! 🔗
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