Dragonfly Fund IV Closes at $650M Amid Crypto Bear Market
February 18, 2026. Dragonfly Fund IV has closed at $650 million, marking the largest raise in the firm’s history even amid a deep crypto bear market.GP Haseeb Qureshi described the raise as a “big milestone,” noting extreme market fear and low sentiment while reiterating the firm’s contrarian approach to investing in financial crypto. The firm …
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