Cryptocurrency industry, especially Russia and Ukraine He entered a rather uncertain and pessimistic situation due to the war. While this situation scares some investors, some institutional investors see it as an opportunity. 38 years of private commodity company Bain CapitalBCV, the investment arm of , was one of the institutions that put this on paper.
Bain Capital Opens the Bag
Bain Capital Ventures has finally announced its first cryptocurrency-focused fund. According to the information provided by Bloomberg, the fund in question 560 million dollars value and will invest in the cryptocurrency sector. Although BCV has not invested in the cryptocurrency sector for the past 7 years, Crypto Fund I The fund will be separated from this investment at certain points. In a previous statement made by BCV, it was emphasized that 100 million dollars were invested in some startup companies that have not been named yet.
In BCV’s existing crypto portfolio BlockFi, Compound, Digital Currency Group and lolli There are companies such as The new fund will focus on everything from DAOs to Layer 1 focused blockchain networks. Stefan Cohen, manager of Bain Capital Crypto, said in a statement on the subject that we are at the beginning of a technological revolution that will last for decades. Cohen stated that they have already taken an important step to establish the structure of this fund and that they will achieve great things in 10 years.
After Sequoia Capital’s $650 million cryptocurrency fund, it can be said that this fund is definitely important. Such investments can bring serious rises for some altcoins.