Bitwise will allocate the $70 million from its February 2025 equity funding round to strengthening its balance sheet, expanding investment capabilities, and growing its workforce

Quotes that support claims

The firm plans to use proceeds from the raise to bolster its balance sheet, expand its investment capabilities and services, and grow its headcount across its offices in San Francisco, New York, and London

The sum will go to Bitwise’s team development and its core product business.