• Bain Capital Ventures has launched a $560 million cryptocurrency fund

  • Bain Capital Ventures, an investment business, is launching a $560 million fund named Bain Capital Crypto, which will be solely focused on the cryptocurrency market.

    “We have a strong belief that we are at the start of a multi-decade technological change.” We needed a dedicated personnel as well as a dedicated financial structure. “That’s basically what prompted the addition of Bain Capital Crypto,” said Stefan Cohen, a managing partner at Bain Capital Crypto.

    The fund closed in November of last year and purportedly invested $100 million in a dozen unnamed crypto-related projects.

    For the most part, the cryptocurrency markets have had a turbulent year. According to CoinMarketCap, Bitcoin and Ethereum have plummeted by around 17% and 32% since January 1, 2022, respectively.

    The investing firm, on the other hand, seems unconcerned.

    “We are a 10-year fund that is inherently long-term oriented.” “We’re adopting a long-term approach,” said Alex Evans, another managing partner at Bain Capital Crypto.

    “We are unconcerned and, to some extent, uninterested in short-term market gyrations.” We welcome the market’s unpredictability since we are long-term investors. When there is assurance, it may be too late for this market.”

    DAOs and Bain Capital

    According to reports, Bain Capital Crypto is looking to invest in a wide spectrum of crypto-industry advances.

    The specialist fund is interested in crypto businesses and decentralized autonomous organizations (DAOs).

    Cohen further stated that the fund will be deployed in the next two to three years and will invest in around 30 enterprises.

    “They’re looking for organizations that can actively participate in governance and put liquidity into the protocols,” Cohen noted.

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