Introduction
22 projects raised $463 million this week, led by Gold.com ($150M), Anchorage Digital ($100M), and TRM Labs ($70M), while Strategy, DDC Enterprise, and TRON Inc. added roughly $84 million in digital asset treasury allocations. Pump.fun acquired Vyper, Bitwise Asset Management agreed to acquire Chorus One, and Bed Bath & Beyond announced plans to acquire Tokens.com to build a tokenized real asset finance platform. On Crypto Twitter, Kyle Samani outlined his transition away from Multicoin while remaining bullish on crypto and Solana, Ally Zach compared market structure and liquidity dynamics between Kalshi and Polymarket, and Simon Kim explored the rise of AI-native economies governed and coordinated onchain.
Key Highlights
- Notable Deals: Gold.com ($150M), Anchorage Digital ($100M), TRM Labs ($70M), Jupiter ($35M), BLUFF ($21M), Opinion ($20M), Relay Protocol ($17M), Ruvo ($4.6M), and Kairos ($2.5M).
- Digital Asset Treasuries: Strategy ($75M for BTC), DDC Enterprise ($9.1M for BTC), and TRON Inc. ($50,000 for TRON).
- M&A Activity: Pump.fun acquired Vyper, Bitwise Asset Management acquired Chorus One, Bed Bath & Beyond acquired Tokens.com.
- VC CT: Kyle Samani announced he is stepping back from Multicoin while remaining bullish on crypto and Solana and continuing to invest personally; Ally Zach compared Kalshi and Polymarket, finding faster price discovery but higher volatility on Kalshi versus deeper liquidity on Polymarket; and Simon Kim outlined the rise of AI-native economies where autonomous agents coordinate work, capital, and governance onchain.
Notable Deals
22 projects collectively raised $463 million this week. Here are the nine that stood out:
- The Pitch: A fully-integrated alternative assets platform
- Round: $150 million Strategic
- Investors: Led by Tether
- The Pitch: Regulated crypto platform that provides institutions with financial services and infra solutions
- Round: $100 million Strategic at a $4.2 billion valuation
- Investors: Led by Tether
- The Pitch: Digital asset compliance and risk management platform
- Round: $70 million Series C at a $1 billion valuation
- Investors: Led by Blockchain Capital with participation from Brevan Howard, Goldman Sachs, Citi Ventures, Bessemer Venture Partners, and more
- The Pitch: Decentralized exchange aggregator on Solana
- Round: $35 million Strategic
- Investors: Led by ParaFi Capital
- The Pitch: Onchain betting platform and sportsbook
- Round: $21 million Strategic
- Investors: Led by 1kx with participation from Delphi Ventures, Makers Fund, Tristan Thompson, and more
- The Pitch: Blockchain-based prediction market
- Round: $20 million Pre-Series A
- Investors: Hack VC, Jump Crypto, Primitive Ventures, Decasonic, and more
- The Pitch: Cross-chain transaction and payments network
- Round: $17 million Series B
- Investors: Led by Union Square Ventures and Archetype
- The Pitch: Digital bank account for USD and BRL
- Round: $4.6 million Seed
- Investors: Led by 1confirmation with participation from Coinbase Ventures, Y Combinator, Mission Street Ventures, and more
- The Pitch: Unified execution and intelligence layer for prediction markets
- Round: $2.5 million Seed
- Investors: Led by a16z crypto with participation from Geneva Trading, University of Illinois, and more
Digital Asset Treasuries
Strategy
- The Pitch: Strategy (Nasdaq: MSTR) continued its bitcoin accumulation, purchasing 855 BTC for ~$75.3 million at an average price of ~$87,974 per coin. The purchase came just ahead of a sharp BTC pullback below $75,000. Total holdings now stand at 713,502 BTC, acquired for ~$54.26 billion at an average cost of ~$76,052 per coin.
- Round: ~$75 million Bitcoin purchase
- Investors: Public market investors
DDC Enterprise
- The Pitch: DDC Enterprise (NYSEAMERICAN: DDC) continued its structured bitcoin accumulation with the purchase of 105 BTC, marking the fourth consecutive week of acquisitions under its disciplined treasury program. The latest buy brings total holdings to 1,888 BTC at an average cost of ~$86,868 per coin.
- Round: ~$9.12 million Bitcoin purchase
- Investors: Public market investors
TRON Inc.
- The Pitch: TRON Inc. (Nasdaq: TRON) expanded its TRX treasury, acquiring 175,890 TRX at an average price of ~$0.28 per token. The purchase brings total holdings to more than 679.6 million TRX, reinforcing the company’s strategy of accumulating Tron-native assets to support long-term shareholder value.
- Round: ~$49,248 TRX purchase
- Investors: Public market investors
M&A Activity
Pump.fun acquired Vyper
Pump.fun acquired Vyper, a crypto trading terminal and portfolio management tool, as part of a broader effort to consolidate user-facing trading infrastructure within its ecosystem. Following the acquisition, Vyper’s infrastructure will be migrated to Trading Terminal, and Vyper will begin winding down core product functionality starting February 10, 2026, with limited features such as private key exports and wallet tracking remaining available.
Bitwise Asset Management acquired Chorus One
Bitwise Asset Management agreed to acquire institutional staking provider Chorus One, expanding its suite of yield-generating crypto products and deepening its staking capabilities for spot crypto holders. The deal adds Chorus One’s ~$2.2 billion in staked assets and positions staking as a core growth pillar within Bitwise’s broader asset management platform amid accelerating consolidation across the crypto industry.
Bed Bath & Beyond acquired Tokens.com
Bed Bath & Beyond acquired Tokens.com to launch a unified platform connecting traditional real estate finance with tokenized asset liquidity, aiming to simplify ownership, valuation, and regulated access to liquidity across real-world and onchain assets. Tokens.com will become a wholly owned subsidiary, with the platform expected to launch by July 1, 2026, subject to closing.
VC CT: What VCs are saying on Crypto Twitter
Kyle Samani (Multicoin Capital)
- Announced stepping back from Multicoin, reaffirmed long-term bullishness on crypto and Solana, and outlined plans to continue investing personally while increasing economic exposure to Forward Industries.
- Analyzed 282 NFL games to compare Kalshi and Polymarket, revealing Kalshi's faster pricing reactions and higher volatility, especially in upset games, while Polymarket offers deeper liquidity.
- Described the emergence of AI-native economies where agents autonomously hire, pay, and govern each other using crypto, pushing humans toward meta-roles and forcing a rethink of work, regulation, and the social contract.
Quick Recap
- Total Deals: 22
- Total Raised: $463M
- Digital Asset Treasuries: $84M
- Acquisitions: 3
- Newly Launched Funds: 0
That’s a wrap for this week’s Crypto Venture Weekly. Thanks for tuning in, and see you next week!
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