- Total investment into crypto firms has already blown past $19 billion this year.
- Polymarket's $2 billion raise from the Intercontinental Exchange has topped the month.
- A Dutch Bitcoin firm is turning Europeans to the treasury play.
Twenty-seven crypto companies raised over $2.5 billion in October, according to DefiLlama data.
That brings the total funding for crypto companies to over $19 billion so far in 2025, outpacing 2024’s total by over $9 billion.
And analysts say investment in the space is just heating up.
PitchBook predicted that the industry will raise $18 billion this year.
Investors from Galaxy Ventures and Codebase expect it to go even higher and that investors will plough over $25 billion into the industry in 2025.
Here are the crypto companies that raised the most money in October.
Polymarket, $2 billion
Polymarket, the decentralised prediction market platform, secured a $2 billion strategic investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.
The deal values Polymarket at $9 billion post-money and marks a landmark moment for the tokenisation of financial infrastructure.
Coplan also disclosed two previously unannounced rounds.
Founders Fund led a $150 million raise earlier this year at a $1.2 billion valuation, with participation from Point72, Coinbase, Dragonfly, and numerous high-profile angels. A $55 million round led by Blockchain Capital closed prior to the 2024 US election, valuing the firm at $350 million.
Founded in 2020, Polymarket emerged from obscurity during the pandemic.
Meanwhile, $82 million
Meanwhile, a life insurance firm licensed by the Bermuda Monetary Authority, has raised $82 million to offer up Bitcoin-based savings, annuities, and retirement products.
The Series B round was co-led by Bain Capital Crypto and Haun Ventures, with backing from Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Stillmark. The raise brings Meanwhile’s total 2025 funding to $122 million.
CEO Zac Townsend said the firm is “bringing the long-term stability of traditional insurance to the Bitcoin economy,” enabling global users to “save and protect wealth in BTC.”
Amdax, $35 million
Dutch crypto company Amdax has raised $35 million to launch AMBTS, a Bitcoin-focused treasury firm. The raise marks the completion of AMBTS’s initial funding round and paves the way for the firm to begin accumulating Bitcoin for its reserves.
Lucas Wensing, CEO of Amdax and co-founder of AMBTS, said the firm is ready to “move forward with our bitcoin strategy, aiming to offer investors transparent access to this unique asset class.”
AMBTS joins a growing wave of firms turning to Bitcoin for treasury holdings, including the Winklevoss twins’ Dutch firm Treasury; Strive, which is linked to Vivek Ramaswamy; and Michael Saylor’s Strategy.
Amdax’s move signals growing European institutional appetite for Bitcoin-backed financial products and adds momentum to the broader trend of corporates treating Bitcoin as a long-term reserve asset.
You’re reading the latest instalment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.
