Galaxy: MGX's single investment in Binance accounted for 40% of Q1 crypto financing "
According to online reports, Galaxy Digital reported that the total amount of venture capital in the encryption industry reached US$4.9 billion in the first quarter of 2025, a month-on-month increase of 40%, the highest since the third quarter of 2022. More than 40% of the funds (approximately US$2 billion) came from a single investment in Binance by Abu Dhabi sovereign fund MGX. U.S. companies continue to lead the way with 38.6% of transactions, and financing is mainly concentrated in the trading platform, DeFi and infrastructure areas.
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