16 projects raised $495 million this week, led by Rain ($250M) and Babylon ($15M), while Metaplanet, Strategy, and ABTC announced $596.6 million in new digital asset treasury allocations. Fireblocks acquired TRES Finance, The Tie acquired Stakin, and Coincheck acquired 3iQ. A16z raised more than 15 billion in new capital across five funds. On Crypto Twitter, Haseeb Qureshi ranked Kyle Samani, Chris Dixon, and Dan Robinson as the top three crypto venture investors of all time, Alexander Grieve criticized a proposed revision to the GENIUS Act, and Anirudh Pai positioned stablecoins as the emerging mechanism for mobilizing global dollar liquidity at scale.
The Pitch: Metaplanet (TSE: 3350) acquired 4,279 BTC (~$451 million) on Dec. 30, 2025, at an average price of $105,412, increasing total holdings to 35,102 BTC.
Round: $451 million Bitcoin purchase
Investors: Public market investors
Strategy
The Pitch: Strategy (Nasdaq: MSTR) added 1,287 BTC (~$116 million) at an average price of ~$90,000, increasing total holdings to 673,783 BTC, while also boosting cash reserves by $62 million as part of its ongoing bitcoin treasury strategy.
FireblocksacquiredTRES Finance, a crypto accounting, reconciliation, and financial controls platform serving over 230 digital asset firms and financial institutions. The deal expands Fireblocks’ infrastructure beyond custody and transaction security into audit-ready financial operations. The acquisition integrates TRES’s accounting, compliance, and ERP connectivity with Fireblocks’ secure asset management stack, addressing growing regulatory and reporting requirements across jurisdictions.
The Tie acquired Stakin
The TieacquiredStakin, an institutional-grade staking provider with $1.5 billion in assets under delegation and a seven-year operating history. The acquisition marks The Tie’s entry into digital asset infrastructure and establishes staking as a new business line alongside its market intelligence, compliant communications, and corporate access offerings. By integrating Stakin’s staking capabilities into its institutional platform, The Tie aims to position staking as an on-ramp into a broader suite of data, access, and workflow solutions for institutional clients.
Coincheck acquired 3iQ for $112 million
Coincheck entered into an agreement to acquire up to 100% of 3iQ, a Canada-based digital asset investment manager, in a stock transaction valuing 3iQ at approximately $112 million. The acquisition adds 3iQ’s regulated ETFs, staking products, and managed account platform to Coincheck Group’s expanding institutional footprint, following its recent acquisitions in prime brokerage and staking services as part of a broader global expansion strategy.
Newly Launched Funds
Andreessen Horowitz (a16z) – $15B
Andreessen Horowitzannounced the raise of more than $15 billion in new capital across five funds, bringing total assets under management to over $90 billion. The new capital will be deployed across growth, venture, infrastructure, applications, biotech, and the firm’s “American Dynamism” strategy, with a continued focus on AI, defense, infrastructure, and next-generation technology platforms.
RankedKyle Samani, Chris Dixon, and Dan Robinson as the top three crypto venture investors of all time, citing foundational protocol contributions, early institutional conviction, and outsized returns driven by long-term contrarian bets.
Criticized a proposed revision to the GENIUS Act that would limit stablecoin rewards to transaction-based spending, arguing it misapplies credit card interchange logic to stablecoins and would shift yield away from users toward financial intermediaries.
Positioned stablecoins as the emerging mechanism for mobilizing global dollar liquidity at scale, with issuers allocating reserves into Treasuries and private credit.
Quick Recap
Total Deals: 16
Total Raised: $495M
Digital Asset Treasuries: $596.6M
Acquisitions: 3
Newly Launched Funds: 1
That’s a wrap for this week’s Crypto Venture Weekly. Thanks for tuning in, and see you next week!
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Jake is a Research Analyst on the Protocol Research team. He previously worked as an Investment Analyst at an AI-driven crypto research platform and as a Venture Analyst at a digital assets venture fund. He advised multiple RWA tokenization projects on tokenomics. Jake graduated from the University of Southern California, where he studied Philosophy and Finance.
Alice is a Research Analyst on the Protocol Services team. She previously worked as a Research Analyst at The Block and was an Investment Intern at Variant Fund. Alice graduated from Northwestern University, where she studied Economics.
Jake is a Research Analyst on the Protocol Research team. He previously worked as an Investment Analyst at an AI-driven crypto research platform and as a Venture Analyst at a digital assets venture fund. He advised multiple RWA tokenization projects on tokenomics. Jake graduated from the University of Southern California, where he studied Philosophy and Finance.
Alice is a Research Analyst on the Protocol Services team. She previously worked as a Research Analyst at The Block and was an Investment Intern at Variant Fund. Alice graduated from Northwestern University, where she studied Economics.
