{"id":19129,"date":"2026-01-03T15:43:56","date_gmt":"2026-01-03T15:43:56","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-annual-recap-2025-dunamu-tops-10-3-billion-in-historic-year\/"},"modified":"2026-01-03T15:44:07","modified_gmt":"2026-01-03T15:44:07","slug":"crypto-vc-funding-annual-recap-2025-dunamu-tops-10-3-billion-in-historic-year","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-annual-recap-2025-dunamu-tops-10-3-billion-in-historic-year\/","title":{"rendered":"Crypto VC Funding annual recap 2025: Dunamu tops $10.3 billion in historic year"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The year 2025 witnessed billions of dollars in major crypto funding across top deals, with Naver Financial\u2019s acquisition of Dunamu for $10.3 billion leading the list.<\/p>\n<div id=\"cn-block-summary-block_1671fdfaa98f702e13bed3508506792c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Crypto funding in 2025 was led by massive M&amp;A deals worth billions.<\/li>\n<li>Naver Financial\u2019s $10.3B acquisition of Dunamu was the year\u2019s biggest deal.<\/li>\n<li>Exchanges and trading platforms dominated the largest crypto transactions.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>M&amp;A activity dominated the largest transactions throughout 2025. Exchanges, derivatives platforms, and infrastructure providers led multi-billion dollar valuations.<\/p>\n<p>Here\u2019s a breakdown of this week\u2019s crypto funding activity as per <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/crypto-fundraising.info\/deal-flow\/?start_date=2025-01-01&amp;end_date=2025-12-31&amp;sortby=raised&amp;sort=desc&amp;filter=closed\" target=\"_blank\" rel=\"nofollow\">Cryptofundraising data<\/a>:<\/p>\n<h2 class=\"wp-block-heading\">Dunamu<\/h2>\n<ul class=\"wp-block-list\">\n<li>Dunamu acquired for $10.30 billion through M&amp;A in November 2025<\/li>\n<li>Acquired by Naver Financial<\/li>\n<li>Largest crypto deal of 2025<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">DigitalBridge<\/h2>\n<ul class=\"wp-block-list\">\n<li>Acquired for $4 billion through M&amp;A in December 2025<\/li>\n<li>Acquired by SoftBank<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Deribit<\/h2>\n<ul class=\"wp-block-list\">\n<li>Deribit was acquired for $2.90 billion through M&amp;A in May 2025<\/li>\n<li>Acquired by Coinbase<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Binance<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $2 billion in an unknown round in March 2025<\/li>\n<li>Investment was backed by MSX<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Polymarket<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $2 billion in an unknown round in October 2025<\/li>\n<li>Fully diluted valuation of $9 billion<\/li>\n<li>Backed by ICE<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">NinjaTrader<\/h2>\n<ul class=\"wp-block-list\">\n<li>Acquired for $1.50 billion through M&amp;A in March 2025<\/li>\n<li>NinjaTrader was acquired by Kraken<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Hidden Road<\/h2>\n<ul class=\"wp-block-list\">\n<li>Hidden Road was acquired for $1.25 billion through M&amp;A in April 2025<\/li>\n<li>Acquired by Ripple<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Circle<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $1.10 billion through IPO in June 2025<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Bullish<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $1.10 billion through public sale in August 2025<\/li>\n<li>Fully diluted valuation of $5.41 billion<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Kalshi<\/h2>\n<ul class=\"wp-block-list\">\n<li>Raised $1 billion in an unknown round in November 2025<\/li>\n<li>Fully diluted valuation of $11 billion<\/li>\n<li>Backed by Sequoia, CapitalG, and AI6Z<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Funding under $1 billion<\/h2>\n<ul class=\"wp-block-list\">\n<li>Mara Holdings, $950 million in an unknown round (July 2025)<\/li>\n<li>Figure, $787.50 million through IPO (September 2025)<\/li>\n<li>Verb Technology (TON Strategy Co.), $558 million in an unknown round (August 2025)<\/li>\n<li>PumpFun, $500 million in a public sale with $4 billion FDV (July 2025)<\/li>\n<li>Rapyd, $500 million in a Series F round (September 2025)<\/li>\n<li>Tempo, $500 million in a Series A round with $5 billion FDV (October 2025)<\/li>\n<li>Ripple Labs (XRP), $500 million in a strategic round with $40 billion FDV (November 2025)<\/li>\n<li>Kraken, $500 million in an unknown round (September 2025)<\/li>\n<li>IREN (ex Iris Energy), $450 million in a private round (June 2025)<\/li>\n<li>Mili City Ventures III, $450 million in an unknown round (August 2025)<\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The year 2025 witnessed billions of dollars in major crypto funding across top deals, with Naver Financial\u2019s acquisition of Dunamu for $10.3 billion leading the list. Summary Crypto funding in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19129"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19129\/revisions"}],"predecessor-version":[{"id":19130,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19129\/revisions\/19130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2417"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}