BTC-Only VC Ego Death Capital Closes $100M Fund for Projects Building on Bitcoin
Main Idea
Ego Death Capital, a Bitcoin-only venture capital firm, has closed a $100 million fund to invest in Bitcoin-based projects solving real-world problems.
Key Points
1. Ego Death Capital's Fund II totals $100 million and will lead Series A investments ranging from $3 million to $8 million.
2. The firm focuses exclusively on Bitcoin-based projects, emphasizing infrastructure development.
3. Bitcoin remains the dominant cryptocurrency, accounting for over 60% of the $3+ trillion digital asset industry.
4. Investments include custody application Relai and Bitcoin-built securities exchange Roxom.
Description
Venture capital firm (VC) firm ego death capital, which focuses on Bitcoin BTC (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million. Ego death capital's Fund II will lead Series A investments of between $3 million-$8 million backing projects building on Bitcoin to solve real-world problems, according to an emailed announcement on Tuesday. “We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure - something to build on, not bet on,” e...
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