Crypto News: Major Company Reveals New $150 Million Fund for Cryptocurrency Investments
A well-known company with over 150 cryptocurrency investments has recently announced the launch of its fourth fund, aiming to raise $150 million for long-term cryptocurrency investments.
According to reports from Fortune, CMT Digital, a venture capital firm, is seeking to raise $150 million for its latest fund, following the success of its previous funds which raised $25.5 million, $130 million, and $100 million, respectively. If successful, this new fund will be the largest in the company’s history.
Speaking about the firm’s investment strategy, investment partner Sam Hallene emphasized the importance of long-term vision, focusing on companies with promising outlooks over the next three to seven years. He highlighted Helium (HNT) as an example of the next wave of innovation in decentralized physical infrastructure, such as the decentralized wireless network built on the Solana blockchain.
In addition to decentralized infrastructure projects like Helium, Hallene also mentioned the growing interest in stablecoins for global remittances and yield-generating tokens like Ethena’s USDe.
Since 2018, CMT Digital has made investments in over 150 cryptocurrency and blockchain companies, solidifying its position as a key player in the industry.
*Please note that this article does not constitute investment advice.
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