Bitcarnage

Bitcarnage

Series F?

Patrick L Young's avatar
Patrick L Young
Jun 12, 2026
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News that Digital Asset On Its $355 Million Series F Financing Led By Andreessen Horowitz’s Crypto Fund, a16z Crypto, raises a lot of questions for me - like just why do you need a Series F when you have long said you were the future of finance, for instance is one of them?

Call me old fashioned but I think reaching Series F without significant self-funding mechanisms, like that classic bottom line element ‘profit’ strikes me as a sign perhaps there may be trouble in paradise? At the same time that is a big headline amount of money to raise.

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Patrick L Young
Marketplace building Entrepreneur. Fintech pioneer, exchange expert, author. Publisher Exchange Invest Newsletter. Publisher "Bitcarnage" (on Substack) Fun sideline: Occasional Motorsports Commentator
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