PANews reported on February 17 that, according to Fortune, crypto VC Dragonfly has completed its fourth fund raising, reaching $650 million.

Dragonfly Managing Partner Haseeb stated that the fourth fund is their largest investment to date, and they believe the cryptocurrency revolution is still in its early stages of exponential growth. He added, "Proxy payments, on-chain privacy, tokenization of everything—the cryptocurrency landscape is poised for explosive growth, and we want to support the founders who lead the way."