BlockTower has spun off its venture capital division into Strobe Ventures and plans to raise $100 million for its second fund.

BlockTower Capital announced the spin-off of its venture capital division into Strobe Ventures and plans to raise $100 million for its second fund. Strobe Ventures will double down on early cryptocurrency investments with a "high conviction" strategy. This spin-off comes after BlockTower announced a merger with Arca in November 2024, which outlined plans to unify its liquidity trading and credit underwriting divisions under one brand. However, BlockTower's venture capital division chose to remain independent, now renamed Strobe Ventures, while retaining the capital, limited partners (LP), portfolio, and team of the BlockTower venture capital division. (The Block)