The cryptocurrency market is showing significant funding growth, attracting over $1.6 billion within a week. Investors exhibit increasing interest in projects connecting cryptocurrency to real financial solutions.
MARA Secures $850 Million
MARA, the largest public Bitcoin mining company, has raised $850 million through a private offering of zero-coupon convertible notes due in 2032. The offering targets qualified institutional buyers and includes a potential $150 million upsell, possibly bringing the total close to $1 billion.
Most of the funds are planned to be used for purchasing Bitcoin, paying off debt, and protecting its stock from major price fluctuations.
FG Nexus Backs Ethereum with $200 Million
FG Nexus, formerly known as Fundamental Global, raised $200 million to buy Ethereum and invest in staking and decentralized finance. This marks Ethereum's 10th anniversary.
The initiative is backed by major players such as Galaxy Digital and Kraken. The ETH Strategy campaign added another 12,342 ETH worth $46.5 million, primarily through private sales.
Web3 Projects Attract Millions Amid Stablecoin Momentum
Several Web3 and infrastructure-focused projects also secured funding during this period. RD Technologies raised $40 million to build stablecoin infrastructure, while Billions Network raised $30 million from Polychain Capital and others.
The Stable project, backed by Tether, secured $28 million to build a blockchain for stablecoin payments, and Zodia Markets, backed by Standard Chartered, raised $18.25 million to grow its stablecoin trading platform.
Thus, crypto funding demonstrates dynamic growth, reflecting increased investor trust in real applications of blockchain technologies and stablecoins.
