During the reporting period from October 17 to 23, 2026, the crypto and crypto-related companies announced a total of 8 disclosed financings, amounting to $1.7626 billion in total, among which Tenstorrent's $1.5 billion Series E financing took the lead.

Crypto Fundraising, DeFiLlama, and DropsTab provided transaction lists, which were verified against company announcements, investor disclosures, and related reports. The amounts mentioned reflect the financings announced this week, including transactions that were completed prior to but disclosed during this week. Valuations, cumulative financing amounts, and previously announced issuances are not included in the total.

Tenstorrent $1.5 billion in financing accounts for the majority of weekly financings

Tenstorrent completed its Series E financing on October 19th, led by Trace Capital and Innovation X, with a financing amount of 1.5 billion US dollars. The post-investment valuation is 6.2 billion US dollars.

The participants include ARK Invest, Fidelity Management & Research Company, Morgan Stanley, Sandisk, T. Rowe Price, and Tether Investments. Tether announced its participation the following day but did not disclose the specific amount of capital contributed or the percentage of shares held.

Tenstorrent indicates that this funds will be used to support the large-scale deployment of the Galaxy server, as well as the AI and CPU design and development authorized to chip manufacturers. The company's operations are located in Santa Clara and Austin.

The company accounts for approximately 85.1% of the disclosed weekly total. It is included in the statistics because there is an overlap between crypto investment institutions and AI infrastructure investments, not because it is a blockchain-specific financing deal.

Whop Raises $200 Million in Financing with a Valuation of $5.1 Billion

Whop announced on October 21st the completion of a $200 million Series D financing round, led by Sequoia and Shopify Ventures. The company has been valued at $5.1 billion.

The platform helps individuals and businesses sell digital products, software access rights, subscriptions, and online services. Whop indicates that this funding will be used for international expansion, as well as research and development focused on payments and advertising.

This round of financing was also accompanied by another $200 million strategic investment made by Tether in February, at which time the valuation of Whop was $1.6 billion. Only this newly announced Series D financing is included in this week's total amount.

The stablecoin payment capability of Whop enables it to connect its broader range of commercial businesses with cryptographic infrastructure. In the latest announcement, Sequoia and Shopify Ventures are the lead investors in this round; Tether's previous investments remain separate transactions.

Erebor Receives $30 Million in Preferred Stock Investment

Robinhood Ventures Fund I disclosed on October 21 that it has purchased preferred stocks of Erebor Bank worth 30 million US dollars. The investment was completed on September 17.

Erebor provides services to American technology, defense, robotics, AI, and digital asset companies. Robinhood indicates that the bank obtained a full national bank license from the Federal Reserve Board of the United States in February and is also covered by FDIC insurance.

The announcement stated that the bank's deposit scale has grown to over $7 billion. This deposit figure is separate from preferred stock investments and is not included in the total financing amount.

This transaction also allows retail investors to obtain exposure through RVI; RVI is a closed-end fund that trades on the New York Stock Exchange. The preferred stocks of Erebor are considered investment securities, rather than insured bank deposits.

The $15 million Series A financing of Mural is aimed at payment infrastructure

Mural raised $15 million in Series A financing led by Tether, with North Island Ventures and existing investors also participating. The company's announcement on October 20th indicated that its cumulative financing amount has reached $28 million.

This New York-based company provides tools for financial platforms to connect accounts, enable payments, perform identity verification, and ensure compliance. Its infrastructure combines local bank connections with blockchain payment networks.

Mural indicates that since the launch of API in 2025, it has processed payments totaling 2.1 billion US dollars for users in 128 countries. Customers include Deel and Opera.

The funds raised will be used for recruitment, licensing, compliance, and expansion into more markets. Mural is also developing payment control functions initiated by AI, including expenditure limits, approval of counterparties, and audit records.

Financing of less than $15 million involves AI data and Bitcoin earnings

• Dataline announces the completion of a $10.6 million seed round of financing, led jointly by Lattice and Dispersion Capital. Coinbase Ventures, Symbolic Capital, Anagram, and Vlad Tenev also participated. The company provides data for AI's agents. The announcement also mentioned that it plans to conduct a separate public token sale; the undisclosed sales revenue is not included in the statistics.
• Nectar Group announces the completion of a $5 million seed round of financing, with investors including Portal Ventures, Peer Ventures, and Anchorage Digital Ventures. The company develops HoneyB and plans to connect Bitcoin collateral with institutional income strategies, coordinating custody, credit, and asset management.
• Hylo announces the completion of a $1 million strategic financing round, led by Solana Ventures with Colosseum also participating. This Solana initiative focuses on developing leveraged tokens, stablecoins, and revenue infrastructure. The previous $1.5 million seed financing round is not included in this statistic.
• X Pay announces a $1 million financing round from 9 investors, including DCI, Credit Scend, Skyland Ventures, and Zerra Ventures. The company, headquartered in the Netherlands, uses x402 for automated USDC payments. The funds raised will be used to support more blockchain initiatives, security audits, API markets, as well as preparations for EU compliance.

The rounds with undisclosed amounts include Peso, Lighthouse, and Sonic.

• Peso has received investment from pre-seed led by Tether. The announcement was released on October 21st. Tether stated that this Bolivian fintech company will expand its USDT payment infrastructure in Latin America. The amount of the investment has not been disclosed.
• Lighthouse announces additional strategic financing for ongoing AI proxy memory and decentralized storage initiatives. The $1.58 million in data represents the cumulative amount of financing raised; the scale of the latest round of financing and the participants have not been disclosed separately.
• Sonic Labs announced an over-the-counter (OTC) trading agreement involving approximately 13 million S tokens and an unnamed long-term partner. The consideration for the transaction was not disclosed, therefore the reference market value of these tokens has not been included in the total amount.