What to know:

• Venture capital firm Ego Death Capital, which specializes exclusively in Bitcoin-based projects, has successfully closed a second fund totaling $100 million.
• The new Fund II will focus on leading Series A investments between $3 million to $8 million for projects utilizing Bitcoin to tackle real-world challenges.
• Ego Death Capital already has investments in various companies, including the Relai bitcoin self-custody app and the Roxom securities exchange designed for bitcoin.

Ego Death Capital emphasizes investments in businesses that see Bitcoin as a foundational infrastructure rather than just a speculative asset. According to Lyn Alden, a general partner at Ego, “We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure - something to build on, not bet on.”

By centering entirely on Bitcoin, Ego aims to attract investors keen on bypassing the buzz surrounding other cryptocurrencies while focusing on the well-established blockchain that constitutes a significant portion of the digital asset market.