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Stock impact report

Inside Dragonfly Capital's $650 million fourth fund and its early bets on Polymarket and Rain [Fortune]

Booz Allen Hamilton Holding Corporation (BAH) 
Last booz allen hamilton holding corporation earnings: 1/31 06:45 am Check Earnings Report
Company Research Source: Fortune
Despite small glimmers of hope for blockchain technology, from continued hype around stablecoins to sustained hope for market structure legislation , sentiment is at an all-time low, especially because there's no easy villain like Gary Gensler or Sam Bankman-Fried to blame for sinking prices. Recommended Video Amid the winter, the blockchain venture firm Dragonfly Capital managed to close its $650 million fourth fund, avoiding the “mass extinction event” suffered by its peers, as general partner Rob Hadick put it. The simple reason for its success is timely investments into a number of category winners that convinced its backers to re-up the war chest, including Polymarket and the stablecoin card issuer Rain. But beneath that is a years-long belief that crypto would be hurtling toward Wall Street, and not toward a Web3 version of the internet that other VCs saw in the glimmering future. Dragonfly began in 2018 as a partnership between Alex Pack, then leading crypto deals for Bai Show less Read more
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