Galaxy Digital Secures $175M War Chest for Aggressive Crypto Market Plays

Wall Street's crypto darling just reloaded its ammunition. Galaxy Digital—the Mike Novogratz-led digital asset powerhouse—has hauled in over $175 million in fresh capital, signaling bullish conviction amid a volatile market.

Why this matters: While traditional finance scrambles to patch together blockchain strategies, Galaxy's raise proves institutional money still sees blood in the water. The firm's track record of early-stage bets (Ethereum, Solana) suggests this isn't just another vanity fund.

The cynical take: Nothing cures Wall Street's FOMO like watching competitors post 3x returns. Galaxy's timing? Impeccable—just as the SEC's regulatory chokehold starts to loosen.

One thing's clear: When crypto's institutional sharks start feeding, retail investors should pay attention. Or at least buckle up.

— Cryptonews.com (@cryptonews) June 26, 2025

Galaxy Exceeds Initial Target Of $150 Million

The company initially targeted $150 million, but ended up exceeding its target amount, crediting “strong investor demand for access to the growing digital asset venture ecosystem.”

“Blockchain infrastructure is poised to revolutionize global financial markets. We’re seeing an acceleration of adoption from both institutions and retail users globally—especially around use cases like payments, capital markets, and financial services more broadly,” said Mike Giampapa, Glaxy Ventures Head. “By investing in the teams that are building these Core technologies and supporting their growth directly, we have a front-row seat to the most novel concepts and products in crypto.”

US Dominates Crypto VC Investments: Galaxy Digital Report Reveals 46% Share

Nearly half of all venture capital (VC) funding in the crypto sector during the fourth quarter of 2024 went to startups based in the US. This data was revealed by Galaxy Digital’s Crypto and Blockchain Venture Capital through a report filed on 15 January 2025.

The report revealed that 46% of all capital invested globally was directed to US-headquartered firms, far outpacing Hong Kong, which took the second spot with 16% of the share.

The US also led in the number of deals, accounting for 36% of all VC transactions. Singapore and the UK followed. They captured 9% and 8%, respectively. The findings show the country’s continued dominance in crypto innovation and financing, despite regulatory headwinds.

Key Takeaways

• galaxy Digital initially targeted $150 million, but ended up exceeding its target amount, crediting “strong investor demand for access to the growing digital asset venture ecosystem.”

• Company’s CEO said, “Galaxy Ventures closing its first fund above the target at a time when raising crypto venture is historically difficult showcases our team’s unique edge in the market.”