Phantom Wallet raises $150 million at $3 billion valuation
Quick Take Phantom Wallet has raised $150 million at a $3 billion valuation. Sequoia and Paradigm led the Series C round, with a16z and Variant also participating.
Phantom Wallet has raised $150 million and secured a $3 billion valuation, it said in a statement . Venture capital firms Sequoia Capital and Paradigm led the Series C funding round, which also included a16z and Variant.
Co-founder and CEO Brandon Millman said, "The wallet’s rise in popularity shows that there’s a 'broader trend' in which more people are buying crypto directly with their digital wallets instead of using Coinbase Global Inc.’s exchange and other centralized platforms," according to Bloomberg .
The company said it has 15 million monthly active users and $25 billion in self-custody assets. In November, the crypto wallet app placed ninth among the top free iPhone apps.
"With these new resources, we plan on making bigger bets to accelerate crypto adoption and become the world’s biggest and most-trusted consumer finance platform," the company said, noting that Phantom Wallet "has become the most dominant crypto wallet in the world, thanks in large part to Solana."
Phantom Wallet's funding round appears to so far be the biggest of 2025 in crypto. Sygnum Bank announced this week it had raised $58 million in a strategic growth round.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This Week's Market "Surprise": U.S. Treasury Yields and Tech Stocks Rise Together
Nomura strategist Matsuzawa believes that the U.S. stock market's tech rally is more of a technical correction, and the market has not rebuilt confidence in AI investments. Expectations for a Fed rate hike have surged, with the implied probability of a December hike reaching 111%. If dovish officials fail to correct overly hawkish expectations, financing pressures for tech companies will re-emerge, making it difficult for stocks and bonds to rise simultaneously.
Successfully recovered the Starship upper stage, SpaceX debuts “chopstick ship-clamp,” analyst: the most critical step supporting its trillion-dollar valuation
SpaceX has, for the first time, used the launch tower's mechanical arm to catch the Starship spacecraft mid-air, setting a precedent for orbital spacecraft recovery via tower mechanism in aerospace history. Bernstein analysts believe this is a key step supporting SpaceX's multitrillion-dollar valuation—full reusability will significantly reduce orbital costs, directly enhancing Starlink deployment efficiency and raising the commercial ceiling. Morgan Stanley warns that the market is underestimating the value of this mission, as it will significantly lower execution risks tied to commercial reuse and the expansion of AI-powered space computing capacity.
Solana falls 10%, $69 million in liquidations as ETF outflows weigh on price
Zcash faces $1.4 million liquidation cluster near $860 as losses continue
Crypto prices
More
