Wintermute CEO: Project investment approval rate in 2025 was only 4%, marking the end of the "scattershot" investment approach.

Wintermute founder and CEO Evgeny Gaevoy stated in an article on the X platform: "We have evolved from the 'scattershot' investment approach of 2021–2022 to a current project success rate of only 4%. Wintermute Ventures will complete 23 investments by 2025, primarily leading Pre-Seed and Seed rounds. These investments are not for obtaining market-making (MM) licenses and are completely independent of the trading business."