TechFlow News, citing The Wall Street Journal and informed sources, reported that Sequoia Capital has reduced the size of its cryptocurrency investment fund from $585 million to $200 million, and cut its ecosystem fund from $900 million to $450 million.
Sequoia stated that due to the ongoing market downturn, it had to downsize, and plans to shift focus toward supporting early-stage startups through a smaller crypto fund, rather than large institutions that have faced repeated challenges in the current market environment.
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