Crypto VC firm Dragonfly raises $650 million despite 'gloom of a bear market'
CoinDesk
by Olivier AcunaFebruary 17, 2026
The firm’s fourth fund positions it alongside a16z and Paradigm even as blockchain VC fundraising contracts and investors pivot toward stablecoins and tokenized finance.
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Originally published on CoinDesk on 2/17/2026