Crypto VC Dao5 Closes $222M Fund to Back Institutional-Focused Projects
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
The acquisition was funded through proceeds from the company's recent stock offerings. As detailed in the filing with the Securities and Exchange Commission (SEC), Strategy raised roughly $1.4 billion by selling around 4.02 million shares of its Class A common stock (MSTR) and an additional 435,069 shares of its 8.00% Series A preferred stock (STRK) during the same period.
Dr Altcoin points to the momentum surrounding the Consensus event and Pi Network’s ongoing development efforts — including DApp launches and regulatory steps — as key drivers for the earlier timeline. However, he cautioned that external factors, such as suspicious activity on platforms like Banxa, could introduce volatility.
Anonymous Labs has some experience in blending entertainment with blockchain technologies. The developer previously launched a meme coin project based on the Simon’s Cat web cartoon on the BNB Chain. The CAT token, while experiencing recent gains aligned with broader market trends, has shown the volatility typical of digital assets.
Since the beginning of 2025, Strategy has added 80,785 BTC to its balance sheet. The buying spree was backed by a massive capital raise of $7.69 billion in the first quarter alone, more than half of which came from common stock sales.