In a travel to catalyze the expansion throughout the Bitcoin ecosystem, Egotism Demise Capital proclaims the origination of a pristine investment spherical, Treasure II, aiming to boost $100 million. Based in 2021, the challenge capital company, led by way of Jeff Sales space, Andi Pitt, Nico Lechuga, with advisory aid from Preston Pysh, Lyn Alden, and Pablo Fernandez, has effectively initiated Treasure II with a focal point on making an investment in firms riding Bitcoin’s acceleration.
“A parallel system bringing truth, hope, and abundance to our world is growing much faster than people realize and we feel super fortunate to be a part of it,” stated establishing spouse Jeff Sales space.
Treasure I, which raised $25.2 million, demonstrated the foresight of egotism loss of life capital in spotting Bitcoin’s emergence no longer simply as a bind of price however as a foundational layer for a pristine peer-to-peer decentralized web join to power. The good fortune in their preliminary capitaltreasury was once marked by way of strategic investments in firms like Fedi, Breez, Synota, Relai, and Wolf.
The ground in 2024 nonetheless unearths an opening in Sequence A investment for Bitcoin-only firms, with challenge capital but to completely grab the transformative nature of the Bitcoin protocol and its layered building. Treasure II seeks to bridge this hole, offering the most important aid to Bitcoin-focused marketers who face the problem of no longer solely pitching their trade metrics but in addition teaching traders concerning the profound shifts within the Bitcoin dimension.
“I’m super honored to join ego death capital as a GP. Our core thesis is that Bitcoin is different than everything else,” stated Preston Pysh. “It’s different because at the base, bedrock layer, Bitcoin is optimized for security and decentralization. In order to do that, scalability must be maximized on the 2nd and 3rd layers, etc. IMHO, anyone building on a different protocol at the base layer is building on top of sand. As we look at the companies building the future of finance, we are hyper-focused, on humble, thoughtful, & constructive leaders that bring unlocked efficiencies and value to their customers and constituents.”
As the arena undergoes a transition from working on a “dishonest ledger,” in step with the clicking let fall, to 1 constructed on honesty with Bitcoin, Egotism Demise Capital’s Treasure II objectives to play games a pivotal position in figuring out and nurturing enduring companies that give a contribution to this transformative shift. The $100 million capitaltreasury hopes to represents a vital step towards in fostering innovation and price inauguration throughout the burgeoning Bitcoin ecosystem.
The ones fascinated by taking part within the investment can succeed in out right here.
