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The task money has already invested successful Bitcoin-focused exchanges, savings platforms and outgo solutions.
Venture superior steadfast Ego Death Capital has raised $100 cardinal from household offices and different investors to enactment early-stage Bitcoin (BTC) companies, highlighting the increasing organization appetite for integer asset-focused ventures.
The money aims to backmost Series A rounds for companies generating betwixt $1 cardinal and $3 cardinal successful yearly revenue, founding spouse Nico Leshuga told Axios successful an exclusive interview.
Leshuga said helium sees “Bitcoin arsenic the lone decentralized and unafraid basal to beryllium capable to physique on.”
Ego Death Capital is gathering connected Bitcoin astatine a clip of heightened organization involvement successful the asset, driven by the strong performance of US spot Bitcoin exchange-traded funds (ETFs) and the growth of firm Bitcoin treasuries.
So far, Ego Death has invested successful respective Bitcoin-focused startups, including the Roxcom exchange, the Relai savings level and Breez, a payments solution built connected the Lightning Network.
However, the steadfast does not program to put successful hardware-focused companies specified arsenic Bitcoin miners oregon wallet manufacturers, and it has nary involvement successful backing projects related to different cryptocurrencies.
Dozens of publically traded and backstage companies person added Bitcoin to their equilibrium sheets — a inclination that has lone accelerated successful caller months.
Corporate request for Bitcoin has surged successful 2025. Source: BitcoinTreasuries.NETRelated: VC Roundup: DeFi, AI, hybrid exchanges showcase resilient period for crypto
Crypto task superior deals rebound successful Q2
Beyond Bitcoin, task superior backing successful the broader cryptocurrency and blockchain abstraction rebounded sharply successful the 2nd quarter, with companies raising a cumulative $10.03 billion, according to CryptoRank data.
More than fractional of that backing came successful June alone, accounting for $5.14 billion.
Some of the largest deals of the 4th included American person Vivek Ramaswamy’s $750 cardinal Strive fundraise and the motorboat of 21 Capital, which raised $585 cardinal to get Bitcoin.
Crypto VC deals roseate sharply successful the 2nd quarter. Source: CryptoRankOverall, second-quarter VC backing marked the industry’s strongest 4th since Q1 2022, erstwhile full investments reached $16.64 billion.
Related: ChatGPT vs X: Which is amended astatine archetypal spotting the adjacent large crypto narrative?
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