dragonflycapital

While the Crypto-Twitter world usually $BTC obsesses over Wall Street whales and ETF flows, the Kingdom of Bhutan—often called the Land of the Thunder Dragon has quietly become one of the most sophisticated sovereign Bitcoin players on the planet.
Recently, news broke that Bhutan moved $6.7 Million worth of Bitcoin to exchanges. But before anyone panics, let’s look at why this isn't a signal to sell. 👇
🇧🇹 Bhutan: The Silent Crypto Powerhouse
Unlike many countries that simply hold seized Bitcoin, Bhutan is a producer. They have spent years using their abundant hydroelectric power to mine Bitcoin. This makes them a "Sovereign Miner," not just a casual investor.
📉 Small Sale, Massive Portfolio
Context is everything. While $6.7 Million sounds like a lot, it is a tiny fraction of Bhutan’s total holdings.
Bhutan still holds hundreds of millions of dollars in Bitcoin.
This sale is likely just "shaving off the top" to cover operational costs or fund local infrastructure projects. 🛠️
🚫 Why This Isn't a "Crash Signal"
When a country sells, people often fear a market dump. However, Bhutan’s move is actually a sign of a mature strategy:
Routine Profit Taking: Just like any smart investor, Bhutan is realizing some gains. It’s part of healthy portfolio management. 💰
Operational Sustainability: Mining Bitcoins requires hardware and maintenance. Selling a small portion helps keep their massive mining farms running efficiently. ⛏️
Minimal Market Impact: In a market that trades billions of dollars daily, a $6.7M sale is just a "sip" in the ocean. It isn't enough to move the price needle. 🌊
💡 Final Thought
Bhutan’s move is a sign of strength, not weakness. It proves that a nation can successfully integrate Bitcoin into its national economy, using it as a liquid asset to fuel growth. The Dragon isn't leaving the game—it's just enjoying the rewards. 🚀

April’s biggest crypto VC move just turned the spotlight on AI x Blockchain

“Where AI meets Crypto, the next revolution begins.”
In a world racing toward intelligent systems and decentralized economies, one startup just captured the attention—and the wallet—of Silicon Valley’s most elite venture funds.
Codex, a next-gen AI + blockchain startup, has secured $15.8 million in a seed round that might redefine the future of decentralized intelligence.

Who’s Backing the Code?
Dragonfly Capital didn’t just invest—they led the round with a bold $14 million check, a clear signal of long-term faith in Codex’s vision.
But they weren’t alone. Giants like Coinbase, Circle, Wintermute, Cumberland, and Selini Capital joined forces in this high-profile round.
Why? Because Codex isn't building just another blockchain product. It's crafting the operating system for intelligent finance.

What Makes Codex So Special?
Codex is creating a layer where AI-powered agents can interact with smart contracts, financial markets, and real-time data—all autonomously.
Here’s what Codex brings to the table:
✨ AI-driven DeFi orchestration
⚙️ Secure, on-chain analytics infrastructure
⚡ Real-time decision-making tools for decentralized apps
🔐 Built-in risk assessments using machine learning
Imagine an AI that doesn’t just trade crypto—it understands macro trends, interprets sentiment, audits smart contracts, and prevents fraud before it happens.
That’s the Codex promise.

The Funding Wave: AI x Blockchain Dominates VC Bets
Codex isn’t alone. This week has seen a flood of venture capital pouring into futuristic projects sitting right at the crossroads of AI, fintech, and decentralization.

Ambient — Raised $7.2M
A project combining Solana’s lightning speed with Bitcoin-style PoW for secure AI services. Think low-cost smart services that can scale instantly.

Cambrian Network — Raised $5.9M
A decentralized financial brain that feeds AI agents with on-chain + off-chain data—prices, history, social buzz, even user behavior.

Mahojin — Raised $5M
Focused on open-source bridges between AI tools and blockchain infrastructure. Its mission? Make it seamless for developers to build AI-powered dApps.

The9 Limited — Raised $8M
An ambitious player bringing traditional investment frameworks into crypto using custom-locked Class A shares.

Momentum — Raised $5M
This one’s rethinking team collaboration using AI—especially for sales and operations teams across fintech and blockchain startups.

Smaller Rounds, Big Ideas (< $5M)
Don’t sleep on the underdogs. This week also featured high-potential rounds like:
Fragmetric: Token sale aiming for $4M with strong early traction
Collecto: Luxury investment meets blockchain with €2.8M raised
Hana Network: $1.75M for gamified, hyper-casual finance
Bloctopus: $1M to reinvent multi-chain infrastructure
StakeStone & BAI Fund: $1M each to enhance omnichain staking and trusted on-chain agents
These might seem small now—but remember, Solana and Avalanche started with similar numbers.

Why 2025 Is the Year of Decentralized Intelligence
VCs are no longer just betting on coins or hype cycles. They’re betting on infrastructure that thinks.
Here’s what excites them:
AI agents that adapt in real-time
Blockchains that audit themselves
Apps that don’t need humans to scale
On-chain economies driven by logic, not luck
This isn’t sci-fi anymore. It’s the new blueprint for Web4.

Final Thoughts: Codex Signals a Shift
The $15.8M raised by Codex is more than just a number—
…it’s a signal flare for what’s coming.
Startups that combine AI and blockchain are now the darlings of venture capital. The days of speculative tokens are fading fast. What’s rising is automated, intelligent, trustless finance—built by code, audited by data, and powered by AI.
If Codex delivers, it won’t just be a unicorn.
It’ll be the brain of decentralized finance.

#CryptoFunding #BlockchainNews #AIinCrypto #DragonflyCapital #DiversifyYourAssets