These 5 Crypto Powerhouses Drove Q2’s $10 Billion VC Feeding Frenzy

Venture capitalists just threw another $10 billion at crypto in Q2—and these firms vacuumed up the lion's share. While traditional finance scrambles to keep up, the smart money's doubling down on blockchain's future.

The dealflow dominators

Five companies emerged as clear favorites among VC check-writers last quarter. No surprise—they're all building infrastructure for the next wave of adoption.

Why VCs can't quit crypto

Even after last year's carnage, institutional investors keep chasing asymmetric returns. Because nothing gets limited partners excited like explaining blockchain at the country club.

The takeaway? When $10 billion floods in during a single quarter, it's not a bubble—it's a land grab. And these players just staked their claims.

Crypto Funding Bounces Back

Cryptocurrency venture capital funding saw a significant rebound between March and June. During this period, it secured an impressive $10.03 billion. This resurgence was notably driven by a substantial $5.14 billion surge last month alone. 

Investors favored a more disciplined capital distribution, particularly in bitcoin acquisition and real-world asset (RWA) tokenization.

While North American firms secured larger, later-stage rounds, a healthy increase in early-stage, token-focused seed deals happened across Asia and the Middle East, highlighting sustained global innovation. 

Crypto VC funding hit $10B in Q2 2025, the strongest quarter since early 2022.

June alone brought in $5.14B, signaling renewed appetite after months of stagnation.

Top raises:

• Strive Funds – $750M
• TwentyOneCapital – $585M
• Securitize – $400M pic.twitter.com/VQrKuC42vB

Increasing crypto acceptance fueled this broader resurgence, notably through Bitcoin ETFs, which helped attract institutional capital. Improved regulatory clarity also reduced perceived risks, further contributing to the market’s rebound.

Furthermore, the “crypto winter” fostered a more disciplined investment environment, making VCs more selective and prioritizing solid pitches and clear paths to profitability and long-term growth.

Strive Funds Leads with $750 Million for Bitcoin Strategies

Leading the pack, Strive Funds, an asset manager co-founded by American entrepreneur and politician Vivek Ramaswamy, secured a $750 million funding round in May 2025. 

This substantial capital injection aims to establish “alpha-generating” strategies through Bitcoin-related purchases. This MOVE highlights a strong institutional conviction in leveraging Bitcoin as a core asset for sophisticated investment approaches.

Twenty One Capital Secures $585 Million to Boost Bitcoin Holdings

Another significant driver of Q2 2025’s venture capital surge was the emergence of Twenty One Capital, securing an impressive $585 million in April 2025. This substantial funding round was explicitly set aside for Bitcoin acquisition.

What makes Twenty One Capital’s raise particularly noteworthy is its status as a brand-new entity, launched that same month through a business combination with Cantor Equity Partners. 

JUST IN: Tether, Softbank and Cantor Fitzgerald-backed 21 Capital to "raise as much capital as we possibly can to acquire Bitcoin" says CEO Jack Mallers pic.twitter.com/HJocd3zXaJ

Co-founded by major players like Tether, Bitfinex, and SoftBank and led by Jack Mallers, it aims to be a Bitcoin-native public company focused on maximizing Bitcoin ownership per share and building a new financial market around Bitcoin. 

Securitize Lands $400 Million for Real-World Asset Tokenization

Securitize, a prominent platform specializing in RWA tokenization, successfully secured $400 million in an April funding round from Mantle’s Treasury. Mantle is a major on-chain ecosystem with a multi-billion-dollar treasury that aims to bridge traditional and decentralized finance.

We’re pleased to announce the launch of the Mantle Index Four (MI4) Fund—a new institutional-grade crypto product developed in partnership with @Mantle_Official and backed by a $400M anchor investment from Mantle Treasury.

MI4 is designed to become the de facto SPX or S&P 500 of… pic.twitter.com/rNLuIaaPhH

This investment highlights the accelerating interest and capital FLOW into this sector. It exemplifies how the tokenization industry bridges traditional finance with blockchain technology. It marks a significant step towards mainstream adoption of fractional ownership. 

Other Notable Funding Rounds: Kalshi and Auradine

Predictions market platform Kalshi secured $185 million in June 2025, achieving a $2 billion valuation. Kalshi plans to use this capital to deepen integrations with mainstream brokers and roll out new contract types, indicating a push for broader adoption of prediction markets in traditional finance.

Rounding out the top five, Auradine secured $153 million in Q2 2025. While specific details on the precise use of funds remain, the significant amount indicates a substantial investment in a key crypto-related enterprise.

Beyond Q2: What’s Next for Crypto Investment

Venture capital funding in Q2 2025 marked a strategic shift within the crypto industry. The significant investment in Bitcoin-first initiatives and foundational infrastructure suggests a market focused on long-term value creation over speculative ventures. 

Bolstered by growing institutional engagement and greater regulatory certainty, this transformation firmly establishes crypto as a critical area for observation and investment for the rest of the year.