Cryptocurrency News

‘Everything’s on sale’: Reddit founder, Galaxy and Genesis execs raise big money

08/31/2022

Less than a minute

2022.08.31 08:53

‘Everything’s on sale’: Reddit founder, Galaxy and Genesis execs raise big money

Reddit co-founder Alexis Ohanian’s venture capital (VC) firm Seven Seven Six (776) is looking to raise a crypto investment fund worth $177.6 million, while current and former executives from Galaxy Digital and Genesis are raising a $500 million fund of their own.

776’s crypto play

According to an Aug. 29 report from The Information, 776’s fund “Kryptos” will launch in October to capitalize on the current bear market. It emphasized there are currently some bargain bin token discounts on the market that are ripe for the taking.

Galaxy and Genesis

08/31/2022

Less than a minute

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