{"id":65858,"date":"2022-08-15T19:49:54","date_gmt":"2022-08-15T16:49:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65858"},"modified":"2025-09-06T22:17:04","modified_gmt":"2025-09-06T19:17:04","slug":"dragonfly-buys-one-of-the-oldest-crypto-hedge-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dragonfly-buys-one-of-the-oldest-crypto-hedge-funds\/","title":{"rendered":"Dragonfly buys one of the oldest crypto hedge funds"},"content":{"rendered":"<p>Dragonfly has acquired the cryptocurrency hedge fund MetaStable Capital and carried out a rebranding.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Introducing the new face of Dragonfly: <a href=\\\"https:\/\/t.co\/APaXxUtLmv\\\">https:\/\/t.co\/APaXxUtLmv<\/a><\/p>\n<p>gm, everyone. gm.<\/p>\n<p>\u2014 Dragonfly \u1433\uff5c\u1438 (@dragonfly_xyz) <a href=\\\"https:\/\/twitter.com\/dragonfly_xyz\/status\/1559172534607773699?ref_src=twsrc%5Etfw\\\">August 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The deal value was not disclosed. Dragonfly managing partner Hasib Kureshi, in comments to Bloomberg, said the purchase was driven by the firm&#8217;s desire to &#8216;dive even deeper into the digital assets industry&#8217;.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;Metastable is one of the oldest funds in the history of cryptocurrencies, co-founded in 2014 by Naval Ravikant. He was among the first investors in Ethereum, Avalanche, Cosmos, StarkWare, NEAR, Zcash, Filecoin, Dfinity and Algorand,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>Against this backdrop, Dragonfly carried out a rebranding: removing the word &#8216;Capital&#8217; from its name and refreshing its logo. The company also moved the website to a new domain.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh6.googleusercontent.com\/npAGI1MI3RN_M2qNWOrLE2BL1THXk3CDkM0GkAR3maL5RVprobEge9JMtvL7jwzMmz7pWQ_7g80WOAcN1d7YoOvXoZS4ZcHAbbPF5AwM96Xi-FfD9lhxUplMmq1jM5B969WTlxT-JVLABajOwMT6zFs\\\" alt=\\\"Dragonfly buys one of the oldest crypto hedge funds\\\"\/><figcaption>Source: <a href=\\\"https:\/\/medium.com\/dragonfly-research\/re-introducing-dragonfly-f6a2deb7078a\\\">blog<\/a> Dragonfly.<\/figcaption><\/figure>\n<p>Previously, Dragonfly invested in projects such as <a href=\"https:\/\/u1f987.com\/en\/news\/dragonfly-capital-leads-seed-round-for-defi-project-debt-dao\">Debt DAO<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/hashflow-raises-25-million-from-coinbase-and-kraken\">Hashflow<\/a>, MakerDAO,<a href=\"https:\/\/u1f987.com\/en\/news\/binance-labs-leads-2-8-million-funding-round-for-1inch\"> 1inch<\/a> and others.<\/p>\n<p>In March 2021, the company launched a <a href=\"https:\/\/u1f987.com\/en\/news\/dragonfly-capital-launches-225-million-fund-to-back-nft-and-defi-investments\">$225 million fund<\/a> with Sequoia China for investments in NFT and DeFi.<\/p>\n<p>Earlier in spring 2022, Dragonfly opened a new venture structure with <a href=\"https:\/\/u1f987.com\/en\/news\/dragonfly-capital-launches-650-million-fund-focused-on-web-3-0\">$650 million in capital<\/a> focused on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dragonfly has acquired the cryptocurrency hedge fund MetaStable Capital and carried out a rebranding.<\/p>\n","protected":false},"author":1,"featured_media":65859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2308,1235],"class_list":["post-65858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dragonfly-capital","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65858"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65858\/revisions"}],"predecessor-version":[{"id":65860,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65858\/revisions\/65860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65859"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}