October’s Crypto VC Funding Hits $780M with Stripe and Blockstream Deals
- Stripe’s $1.1 billion acquisition of Bridge boosts its crypto and stablecoin capabilities in payment solutions.
- Blockstream secures $210 million to expand Bitcoin mining and layer-2 tech, enhancing blockchain scalability and efficiency.
October saw a significant increase in venture capital (VC) for crypto and blockchain projects, with total funding reaching $780 million—a substantial 28% increase compared to September’s $610 million.
This increase occurred in spite of a minor decline in the number of publicly revealed cryptocurrency VC investment initiatives, which dropped by 3% to 95 projects in October.
Stripe and Blockstream Drive Major Moves in Crypto Innovation
Among the notable deals, Stripe…
