Crypto VC funding: BitMine secures $250m, TWL Miner bags $95m
2025-07-05 21:15:31
Main Idea
Crypto venture funding saw a modest rebound with $466.6 million raised across 15 deals, primarily driven by investments in Bitcoin mining and ecosystem development.
Key Points
1. BitMine raised $250 million in a private placement backed by Mozaryk, Founders Fund, and Pantera, focusing on Bitcoin mining.
2. TWL Miner secured $95 million in a Series B round, operating in Bitcoin mining and AI infrastructure.
3. The Open Platform raised $28.5 million in a Series A round at a $1 billion valuation, focusing on blockchain and Ton Ecosystem sectors.
4. Distinct Possibility Studios raised $30.5 million for an AAA-quality game on the Tezos blockchain.
5. Smaller deals included projects in gaming, AI, and DePIN, with investor interest centered on Bitcoin-native scalability and infrastructure.
Description
Crypto venture funding rebounded modestly this week, with $466.6 million raised across 15 deals between June 29 and July 5—primarily driven by outsized bets on Bitcoin infrastructure. The majority of capital flowed into mining and ecosystem development, led by BitMine’s massive $250 million private placement backed by Mozaryk, Founders Fund, and Pantera. Other notable rounds include TWL Miner’s $95 million Series B and The Open Platform’s $28.5 million raise at a $1 billion valuation. While smal...
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