Umia said it raised $6.11 million through a seven-day auction of its UMIA token, selling 34.6% of the token’s total supply at a fully diluted valuation of $18 million. The company said about 45% of subscribed capital came from institutional investors. In total, 10 funds and nearly 700 individual bidders took part in the sale, with participants including Galaxy Ventures, Digital Currency Group (DCG), and Draper Associates. Umia provides crypto projects with legal structuring, on-chain auction infrastructure, and governance tools. The company also said its first external project, Slop.cash, is expected to go live in the fourth quarter of 2026. The announcement was reported by Odaily as a 7x24 newsflash.
Umia has raised $6.11 million through a seven-day auction of its UMIA token, according to Odaily. The sale covered 34.6% of UMIA’s total supply and implied a fully diluted valuation of $18 million.
Umia said roughly 45% of subscribed capital came from institutional investors. A total of 10 funds and nearly 700 individual bidders joined the auction, with Galaxy Ventures, Digital Currency Group (DCG), and Draper Associates listed among participants.
The project provides legal structuring, on-chain auction services, and governance tools for crypto teams. Umia also said its first external project, Slop.cash, is expected to launch in the fourth quarter of 2026.
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