Venture capital firm Ego Death Capital has successfully closed its second fund, raising $100 million specifically for Bitcoin (BTC)-only projects. The fund, known as Fund II, aims to make Series A investments ranging from $3 million to $8 million in projects designed to utilize Bitcoin as an underlying infrastructure rather than as a speculative asset. General partner Lyn Alden stated that their focus is on businesses that view Bitcoin as a platform for building solutions to real-world problems. The firm, which has existing portfolio companies like the Bitcoin self-custody application Relai, emphasizes a dedicated approach to Bitcoin in an industry often fraught with hype surrounding various other cryptocurrencies and blockchains. This investment strategy seeks to attract investors looking for stability and legitimacy within the cryptocurrency space, particularly amidst the ongoing evolution of the digital asset landscape.

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