Dragonfly Capital Bets $650M on Crypto-Because Who Needs a Safety Net?

So, Dragonfly Capital just raised $650 million for their fourth fund. Yeah, you heard that right. In the middle of what they’re calling a “mass extinction event” for crypto. Because nothing says “prudent investment strategy” like throwing money at something that’s basically the financial equivalent of a rollercoaster designed by a drunk engineer. But hey, who needs stability when you can back “key growth areas” like financial infrastructure, stablecoins, and tokenized real-world assets? Spoiler alert: those assets are probably your grandma’s knitting collection by now. Still, Dragonfly’s got “long-term confidence” in blockchain innovation. Sure, Jan. Meanwhile, the rest of us are just trying to figure out if our crypto wallets are worth more than the paper they’re not printed on.

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2026-02-17 17:06