Stratos' most recent early-stage venture fund is valued at 25x
net as of Q1 with the successful launch of Dymension.
NEWPORT
BEACH, Calif., April 23,
2024 /PRNewswire-PRWeb/ -- Stratos, a VC firm focused
on early-stage crypto projects with close to
$500M assets under management, shares
its Q1 gains showcasing a 137% return (109% net) for their liquid
token fund and a total net value of over 25x for their second
early-stage venture fund. The liquid token fund saw substantial
gains primarily from its holdings in Solana, Nosana,
and $WIF (Dog Wif Hat), a popular memecoin that yielded a 300X
return for the fund. The venture fund growth was driven in part by
Stratos' early investment in Dymension, a modular blockchain built
to power the internet of RollApps.
We're very pleased to share such high
returns with our LPs, who are aligned with our investment
philosophy, which is based on investing early and with conviction
in high-quality projects with exceptional teams.
Rennick Palley, Founding Partner
at Stratos, shared, "We're very pleased to share such high returns
with our LPs, who are aligned with our investment philosophy, which
is based on investing early and with conviction in high-quality
projects with exceptional teams. One aspect of our approach that
may be more unique among our peer group is that we incorporate
memecoins into our liquid fund portfolio. Memecoins have
consistently outperformed other digital assets, have limited
correlation to other alts sectors, and function as pure monetary
assets with theoretically uncapped upside. As an example, we
started buying WIF around $0.01 in
December, delivering a 300X return since then for our liquid token
fund."
In line with their forward-thinking approach to investing,
Stratos continues to monitor emerging trends and tech within the
crypto space with a focus on innovation. Currently the
firm recognizes the potential of Layer-2 solutions for the
Bitcoin ecosystem.
Palley added, "We currently have our eye on innovation happening
on Bitcoin with the rise of Layer-2s. There is a lot
of opportunity for innovation by leveraging the most secure network
for more than the ledger itself. A significant next step for global
bitcoin adoption is scaling transactions in a
trustless way and increasing the utility and reach of the
Bitcoin network as a whole."
To learn more about Stratos, visit: https://www.stratos.xyz/
For media inquiries, please contact Jonathan Duran at (310) 260-7901 or
Jonathan(at)Melrosepr(dot)com
About Stratos
Stratos is an industry-leading VC firm focused on early-stage
crypto projects. Leveraging deep research expertise,
Stratos invests in top founders with conviction at the earliest
stages. With a track record of backing numerous leading companies
in the space, often as a lead investor, the Stratos portfolio
includes Fuel Network, Space and Time, Dymension, and others. The
Stratos team brings together extensive experience in venture
capital, entrepreneurship, and technology to provide exceptional
and targeted founder support.
Media Contact
Jonathan Duran, Melrose PR,
3102607901,
jonathan@melrosepr.com, https://www.melrosepr.com/
View original
content:https://www.prweb.com/releases/stratos-a-crypto-focused-vc-firm-shares-109-net-return-for-liquid-token-fund-in-q1-driven-mostly-by-positions-in-solana-and-memecoins-302124886.html
SOURCE Stratos