Singapore-based Crypto.com Capital announced today that it is expanding the size of its fund to $500 million, from the $200 million it announced in March 2021.Jon Russell, its newly hired General Partner based in Bangkok, told CoinDesk the fund will do seed and series-A deals, typically up to a $10 million check for the series-A.So far Crypto.com’s maiden fund has invested in … [Read more...] about Crypto.com Capital Expands $200M Fund to $500M
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Crypto-Focused 10T Holdings to Raise $500M in New Fund
10T had launched a $200 million 10T Holdings fund earlier this year to invest in cryptocurrency startups. The remainder of the firm’s funding has come from co-investment and sub-advised vehicles. The firm’s backing has come from a mix of public pensions, endowments, foundations and family offices. Source link … [Read more...] about Crypto-Focused 10T Holdings to Raise $500M in New Fund
Borderless Capital Launches $500M Algorand-Focused Fund
Borderless Capital is launching a $500 million ALGO Fund II to help develop projects built on the Algorand blockchain.The company announced on Tuesday the fund will invest in “digital assets powering the next generation of decentralized applications on top of the Algorand blockchain network,” including projects “to disrupt the creators economy with [non-fungible tokens] and … [Read more...] about Borderless Capital Launches $500M Algorand-Focused Fund
El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador.“Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans on locating a power plant by the volcano to provide energy … [Read more...] about El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
Marathon Digital to Raise $500M in Convertible Notes
Marathon Digital, one of the largest publicly traded bitcoin miners, will raise $500 million through a convertible senior notes offering, due in 2026.The notes will be unsecured and to be offered to institutional investors, according to a statement.The pricing as well as interest and conversion rates for the notes will be determined at a later date.The company said it will use … [Read more...] about Marathon Digital to Raise $500M in Convertible Notes