Crypto Venture Fund The Galaxy Ventures can reach donations of $ 180 million: Report

Michael Novoghatz is expected to collect about $ 175 million to $ 180 million by the end of June to build a portfolio of 30 encrypted companies and blocks.

According to To the Bloomberg report on April 17, citing people familiar with this issue, the fund – which was focused on payments and Stablecoins – exceeded its goal of collecting $ 150 million.

The closure box comes above the target at a time when the investment capital of the encryption is thin on the ground despite the management of an industry friendly in the United States.

Earlier this year, Novoghatz I mentioned 2024 was also a difficult year for Crypto VC despite potential market drivers such as investment funds circulating in Bitcoin, Memecoin Craze, and Artificial intelligence agentsHe said it was “not particularly suitable for investment capital.”

Investment capital has invested $ 11.5 billion in startups that focus on encryption and startups across 2153 deals in 2024, she said. This was slightly higher than $ 10 billion invested in 2023, but it decreased than more than $ 30 billion invested in 2022.

Crypto VC investments in America also decreased by 22 % to about $ 1.3 billion in the first quarter of 2025, according to Pitchbook. also I mentioned It was the axis of Amnesty International, as the sector obtained 58 % of the dollars in the global project in the first quarter.

Global Crypto VC financing was $ 4.8 billion in the first quarter, which is the highest since Q3 2022, I mentioned Cryptorank earlier this month. However, 2 billion dollars investment In Binance from Abu Dhabi Investment MGX was approximately half of that.

Related to: Galaxy Digital gets from Mike Novoghatz

The initial closure of the Galaxy Ventures box in which I was in June 2024, when it was A collection of $ 113 million. At that time, the Fund’s portfolio included the source of the artificial dollar Ethina; M^Zero, STABLECOIN SDO; 1 Blockchain Monad; The layer of 2 columns of the distinctive asset chain. Renzo, a protocol supports derivatives on the closed assets in EignLayer and Ethereum.

Checks do what is supposed to do

The CEO of Galaxy Mike Novoghatz is still confident in Crypto and Bitcoin (BTC), Remember on x On April 16, it “does what is supposed to”, and “Working as a report on financial supervision.”

“In times of uncertainty, it reflects both the journey to safety and a long -term bet on a new financial system. But as a small basis, it is still a calm of growth. Adoption does not flourish in the turmoil.”

magazine: Illegal Arkdid is fake with a fake bitcoin mine? Soldier’s fraud in China: The fast Asia