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The EGO Death Capital Risk Capital Society has received $ 100 million from family offices and other Bitcoin support investors in early phase (BTC) Companies that emphasize the growing institutional appetite for businesses focused on digital assets.
The fund’s aim is to support the bikes of the series and for companies generating annual revenues between $ 1 million and $ 3 million, the founding partner Nico Leshuga said Axios In an exclusive interview.
Leshuga said he sees “bitcoins as the only decentralized and safe base to which he is able to build.”
Ego Death Capital builds on bitcoins at a time of increased institutional interest in asset -controlled Power of us imitated the funds of traded bitcoins (ETFS) and Growth of corporate bitcoins.
EGO Death has invested in several startups focused on bitcoins, including Roxcom Exchange, Relai Savings Platform and Breez, a payment solution based on Lightning Network.
However, the company does not plan to invest in hardware, such as bitcoin miners or wallets manufacturers, and is not interested in supporting projects related to other cryptocurrencies.
Dozens of publicly traded and private companies have added bitcoins to their balance sheets – a trend that only has has accelerated in recent months.
Related: VC Roundup: Defi, Ai, Hybrid Exchange shows a durable month for crypto
Crypto risk capital stores will be reflected in Q2
In addition to bitcoins, funding of risky capital in a wider cryptocurrency and blockchain space In the second quarter, it is sharply contradictoryWith companies that increase the cumulative $ 10.03 billion, according to Cryptorank.
More than half of this financing came only in June, which represents $ 5.14 billion.
The largest agreements of the quarter were American politician Vivek Ramaswamy’s $ 750 million stress and the opening of 21 capital that Received $ 585 million to get Bitcoins.
Overall, the financing of VC in the second quarter was considered the strongest quarter of the 1st quarter of 2022, when the total investment reached $ 16.64 billion.
Related: Chatgpt vs X: Which is better at first glance to see another big crypto narration?
