The crypto venture landscape saw steady activity last week, with 26 projects raising a total of $322 million. RD Technologies led the pack with a $40 million Series A round, followed by Billions securing $30 million and Stable raising $28 million in a Seed round. Corporate treasury strategies also made headlines.
ETHZilla, formerly 180 Life Sciences Corp., announced a rebrand and a $425 million private investment in public equity (PIPE) to bolster its Ethereum (ETH) treasury. FG Nexus also revealed plans for an ETH treasury strategy, raising $200 million. The week’s most striking development was a $2.52 billion initial public offering (IPO) by Strategy (Nasdaq: MTSR).
The funds were used to acquire 21,021 bitcoins at an average price of $117,256 per BTC. This massive purchase highlights the accelerating institutional adoption of Bitcoin as a treasury asset. On Crypto Twitter, influential voices shaped the narrative around the industry’s future.
Scott Kominers urged protocols to activate fee switches earlier to capture value and incentivize sustainable growth.
Crypto venture capital highlights
Bridget Harris forecasted a UX-driven DeFi surge, arguing that intuitive interfaces will drive mainstream adoption.
Paul Veradittakit of Pantera Capital emphasized Ethereum’s growing institutional role, citing its potential as a global stablecoin settlement layer. According to RootData statistics, a total of 61 publicly disclosed crypto venture capital deals took place in July 2025. This represents a 7.6% month-on-month decrease from June 2025 and a 46.5% year-on-year decrease from July 2024.
However, the total funding amount reached $5.361 billion, a new all-time high. Major deals in July included Strategy raising $2.521 billion to purchase more BTC, MARA Holdings completing a $950 million convertible bond issuance, and Pump.fun raising $500 million through a token sale. Mill City Ventures III launched a SUI asset reserve strategy, while Upexi entered into a $500 million stock purchase agreement to expand its Solana treasury.
Other notable investments included Satsuma Technology PLC completing a private convertible bond financing round, Polymarket acquiring the QCX exchange for $112 million, and MEI Pharma raising $100 million to purchase LTC as a treasury reserve asset. TWL Miner, a UK-based cloud mining platform, also secured $95 million in a Series B round. The crypto venture capital space continues to evolve, with a focus on institutional adoption, treasury strategies, and the integration of blockchain technology with real-world applications.
As regulatory clarity improves and user experiences are enhanced, the industry is poised for further growth and mainstream acceptance.