Crypto Venture Funding Surges with a $466.6M Week!

Bitcoin Infrastructure Steals the Show

Hold onto your hats, crypto fans! This week, from June 29 to July 5, the crypto world saw a sizzling $466.6 million flood into 15 deals, and guess what? It's all about betting big on Bitcoin infrastructure!

The cash tsunami was led by none other than BitMine, pulling in a whopping $250 million in a private placement. Big names like Mozaryk, Founders Fund, and Pantera are behind this monster move. It's all about mining and beefing up the ecosystem, baby!

But wait, there's more! TWL Miner snagged a cool $95 million in their Series B, and The Open Platform? They're strutting with $28.5 million at a jaw-dropping $1 billion valuation. Sure, there are smaller deals popping up in gaming, AI, and DePIN, but it's clear: investors are all in on Bitcoin's scalability, mining, and the juicy infrastructure plays. Other sectors are getting love too, but Bitcoin's where the action is!

Let's dive deeper into this week's wild ride in crypto funding, straight from the data at Crypto Fundraising:

Listen up, we're the first unicorns galloping in the Web3 ecosystem on Telegram, hitting that sweet $1B valuation in our latest equity round! Huge shoutout to Ribbit Capital and Pantera Capital for believing in us. This cash injection? It's all about scaling up big time! 🚀