Crypto companies raise $869m in one week

Industry Overview - Nine crypto startups raised over $869 million this week, bringing total funding for crypto companies to just shy of $16 billion in 2025, outpacing 2024's total by about $6 billion [1] - Twenty-two industry players have raised just under $1 billion in September alone [1] - PitchBook predicts the industry will raise $18 billion this year, with expectations from investors that it could exceed $25 billion in 2025 [2] Major Fundraising Events - Figure Technology raised $787.5 million in a US initial public offering, selling 31.5 million shares at $25 each, valuing the firm at $5.29 billion [3] - The IPO reflects growing investor appetite for crypto firms, with Stanley Druckenmiller's Duquesne Family Office eyeing up to $50 million in shares [4] - Gemini Space Station plans to list on Nasdaq, potentially raising up to $317 million, with Nasdaq investing $50 million via a private placement [5] - Gemini holds $21 billion in assets and has processed $285 billion in trades, becoming the third publicly listed crypto exchange after Coinbase and Bullish [6] - Inversion Labs raised $26.5 million in a seed round led by Dragonfly Capital, valuing the company at $100 million [7]