{"id":939,"date":"2026-02-22T13:27:05","date_gmt":"2026-02-22T13:27:05","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=939"},"modified":"2026-02-22T13:27:05","modified_gmt":"2026-02-22T13:27:05","slug":"dragonfly-capital-secures-650-million-dollar-crypto-fund-during-market-slump","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/22\/dragonfly-capital-secures-650-million-dollar-crypto-fund-during-market-slump\/","title":{"rendered":"Dragonfly Capital Secures 650 Million Dollar Crypto Fund During Market Slump"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"324\" data-id=\"940\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1617.jpeg\" alt=\"\" class=\"wp-image-940\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1617.jpeg 576w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1617-300x169.jpeg 300w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1617-520x292.jpeg 520w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Crypto venture firm Dragonfly Capital has closed its fourth investment fund with 650 million dollars, despite a challenging environment marked by falling token prices and weaker investor sentiment across the digital asset market.<\/p>\n\n\n\n<p>The firm\u2019s previous fund deployed 500 million dollars into startups including Polymarket, Rain, and Ethena. The new capital pool is expected to support early stage crypto investments at a time when venture activity in the sector has slowed and many firms are struggling to raise fresh funding, according to Fortune.<\/p>\n\n\n\n<p>Co founder Haseeb Qureshi said the firm\u2019s direct communication style has been a strength in an industry often criticized for hype and self promotion. He emphasized that speaking openly about their views has helped distinguish the firm in a crowded market.<\/p>\n\n\n\n<p>Dragonfly has backed a range of crypto businesses, including Layer 1 blockchain project Avalanche and financial services company Amber Group. The firm has navigated several major industry disruptions, including the collapse of the Terra ecosystem, the bankruptcy of FTX, and its strategic shift away from China amid regulatory crackdowns.<\/p>\n\n\n\n<p><strong>Regulatory Scrutiny Over Tornado Cash Investment<\/strong><\/p>\n\n\n\n<p>Dragonfly also faced attention from the United States Department of Justice. In July 2025, prosecutors told a federal judge they were considering potential charges against employees of the firm, including general partner Tom Schmidt, in connection with a 2020 investment in Tornado Cash.<\/p>\n\n\n\n<p>The comments were made by prosecutor Nathan Rehn to District Judge Katherine Polk Failla of the Southern District of New York during proceedings in the trial of Roman Storm, who was later convicted of operating an unlicensed money transmission business.<\/p>\n\n\n\n<p>Qureshi stated that Dragonfly fully cooperated with the government investigation, which began in 2023, and said the firm was prepared to defend itself if charges were brought. The Justice Department ultimately decided not to pursue charges against Schmidt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto venture firm Dragonfly Capital has closed its fourth investment fund with 650 million dollars, despite a challenging environment marked by falling token prices and weaker&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-939","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=939"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/939\/revisions"}],"predecessor-version":[{"id":941,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/939\/revisions\/941"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}