❗️ Paradigm is negotiating to raise up to $850 million for a new crypto fund.

🏢 According to Bloomberg, the venture firm Paradigm is in talks with investors to raise between $750 million and $850 million for a new investment fund.

💰 If the amount reaches $750 million, this fund will become the largest since the crypto market crash in May 2022.

🔍 Previously, in November 2021, Paradigm had already created a venture fund of $2.5 billion specifically for cryptocurrency companies. However, not all bets paid off, as by early 2022 the firm had invested $278 million in the FTX exchange, which subsequently went bankrupt.

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