Crypto World Sees Massive Funding Surge with Record-Breaking IPO
The crypto sector witnessed a remarkable surge this week, with almost $1.5 billion invested across 18 projects. Leading the charge was Bullish, a crypto exchange supported by Peter Thiel, which successfully launched it’s IPO at $37 per share, raising $1.1 billion.This blockbuster deal drew interest from esteemed firms like JPMorgan, Jefferies, and Citigroup, pushing Bullish’s valuation to $5.4 billion.
Bullish’s IPO not only marked a comeback after its 2022 SPAC collapse but also highlighted investors’ renewed confidence in the crypto market. The listing on the NYSE生成了 meaningful buzz among institutional investors such as blackrock and Cathie Wood’s Ark Invest.
- Bullish IPO raises $1.1 billion, pricing at $37 per share.
- Bullish gets a $5.4 billion valuation with backing from major financial institutions.
- Heritage Distilling adopts Story Protocol’s IP token, injecting $220 million.
In other developments, Heritage Distilling made history by becoming the first U.S. listed company to leverage Story Protocol’s IP token as a reserve asset. This strategic move included a sizable private placement of tokens valued at approximately $361 million.
1Kosmos, a cybersecurity platform providing identity-first authentication, secured $57 million in its Series B round. Simultaneously occurring, Sui and Neon Machine raised significant funds – $20 million and $19.5 million respectively – indicating ongoing investor interest in innovative crypto projects.
This week demonstrated the crypto industry’s resilience and growing appeal across various sectors, from finance to security.
