PANews reported on March 12 that according to The Block, BlockTower Capital's venture capital arm has been spun off into Strobe Ventures, which had an asset management scale of $235 million when it was founded and plans to raise $100 million for its second fund. Strobe Ventures will double down on investing in early-stage cryptocurrencies with a "high conviction" strategy.
The spinoff follows BlockTower’s announcement of a merger with Arca in November 2024, which outlined plans to unify its liquidity trading and credit underwriting divisions under one brand. However, BlockTower’s venture capital arm has chosen to remain independent, now renamed Strobe Ventures, while retaining the capital, limited partners (LPs), portfolio and team of BlockTower’s venture capital arm.
