Yield Guide Games will use the funds from Delphi Digital, Scalar Capital and others to invest in virtual land and other in-game assets.
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
DeFi indices on FTX and Binance continue to plummet.
A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red.