最新报道：According to RootData statistics, there were 61 publicly disclosed venture capital projects in Crypto VC in July 2025, a 7.6% decrease from the previous month (66 projects in June 2025) and a 46.5% decrease from the previous year (114 projects in July 2024). The number of small financings continues to decline. Note: Since not all financings are announced in the same month, the above statistics may increase in the future. The number of projects in each sector is as follows: CeFi accounts for approximately 26.2%, DeFi accounts for approximately 13.1%, NFT/GameFi accounts for approximately 13.1%, L1/L2 accounts for approximately 4.9%, RWA/DePIN accounts for approximately 6.6%, Tools/Wallet accounts for approximately 11.5%, and AI accounts for approximately 19.7%. In July 2025, total funding reached $5.361 billion, a record high. This represents an 88.4% increase month-over-month (from $2.846 billion in June 2025) and a 426.6% year-over-year increase (from $1.018 billion in July 2024). The top 10 rounds by value are as follows: Strategy (MSTR) raised $25.21 billion through its fourth preferred stock offering, Stretch (STRC). After deducting issuance fees, net proceeds amounted to approximately $24.74 billion, which was used to purchase 21,021 BTC at an average price of $117,256 per coin. Following the transaction, Strategy's BTC holdings increased to 628,791, with a market capitalization of approximately $74 billion. On August 1st, Strategy co-founder Michael Saylor announced plans to issue an additional $42 billion in preferred stock to purchase BTC. MARA Holdings completed its offering of $9.5 billion in 0.00% convertible bonds maturing in 2032. The bonds were privately offered to institutional investors and included an over-allotment option of up to $2 billion. The company expects to use the remaining proceeds to acquire additional BTC and for general corporate purposes, including acquisitions and asset expansion. The funds were also used to repurchase a portion of the convertible bonds maturing in 2026. Pump.fun issued 125 billion PUMPs, representing 12.5% of the total supply, which sold out in less than 12 minutes. The sale raised $500 million, with funds distributed between on-chain trading and major exchanges such as Kraken, KuCoin, and Bybit. Mill City Ventures III has completed $4.5 billion in private financing and has launched its Solana (SUI) asset reserve strategy. Through over-the-counter agreements with the Sui Foundation and in-kind contributions, it has accumulated 76,271,187 SUI tokens at an average cost of $3.6389. Participants in this round include Big Brain Holdings, Galaxy Digital, Pantera Capital, Electric Capital, and GSR. Upexi (NASDAQ: UPXI) has reached an equity financing agreement with A.G.P. for up to $5 billion to accelerate its Solana treasury strategy. The financing terms include zero commitment fees, with Upexi determining the issuance cadence. The proceeds will be used for general corporate purposes and to expand its Solana holdings. Upexi recently increased its treasury holdings to 1,900,000 SOL tokens. Publicly listed Satsuma Technology PLC (Tao Alpha PLC) has completed its second round of convertible bond private placement, significantly exceeding the original minimum size of £100 million. Satsuma stated that the financing will be used to expand its business and strengthen its BTC adoption and decentralized AI strategy. The company will apply for listing on the London Main Market after conversion of the convertible bonds. MEI Pharma (NASDAQ: MEIP) completed a $100 million financing round and plans to use the funds to purchase Litecoin (LTC) as a reserve asset. This move makes MEI the first company listed on a national exchange to hold Litecoin (LTC). Litecoin founder Charlie Lee joined MEI's board of directors, and digital asset agency GSR was hired as financial advisor. The financing, which included approximately 29,240,000 shares at $3.42 per share, involved the Litecoin Foundation and several institutional investors. UK cloud mining platform TWL Miner successfully completed its Series B funding round, securing $95 million to support the integration of AI technology and cloud mining operations. Gamesquare Holdings, Inc. (NASDAQ: GAME) has completed an underwritten $70 million public offering, selling 46,700,000 shares at $1.50 per share. According to the announcement, the proceeds are intended to support the company's ETH accumulation strategy, developed in partnership with crypto-native asset manager Dialectic, with a significant portion of the proceeds going toward increasing its ETH holdings.