Crypto fundraising experienced a significant resurgence in Q4 2024, securing US $7.33 billion across 421 deals. This represents a substantial 133% increase in funding and an 18% rise in deal volume compared to Q4 2023, reaching levels not seen since 2021.
Notable deals during this period include Stripe's US $1.1 billion acquisition of Bridge, part of Stripe’s strategy to build the world’s best stablecoin infrastructure and Mara's successful raise of US $1 billion in convertible senior notes. The proceeds will allocate US $199 million to repurchase US $212 million of its existing 2026 convertible notes through private negotiations. The remaining funds will be used to acquire additional bitcoin and support general corporate purposes, including working capital, strategic acquisitions, asset expansion, and debt repayment.
Special Report: Innovations in Blockchain
This report delves into the groundbreaking innovations in blockchain that are reshaping the traditional and digital landscapes. From restaking to decentralized physical infrastructure networks (DePIN), the convergence of AI and blockchain, and advancements in decentralized identity and trust management, explore how these advancements are driving the future of the blockchain revolution.
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