Basic Capital, a fintech company focused on modernizing retirement plans, has raised $25 million in a Series A funding round co-led by Lux Capital and Forerunner Ventures. The company offers a platform that allows workers to use private credit to leverage their 401(k) plans, aiming to update the retirement system that has remained largely unchanged for 40 years. This fundraising comes shortly after an executive order by former President Donald Trump encouraging innovation in retirement accounts. Basic Capital's approach has drawn some criticism regarding compliance with ERISA regulations, which traditionally restrict borrowing against plan assets except for certain loans that must be repaid. Separately, KindlyMD, a Bitcoin treasury firm, closed a $200 million convertible note funding round to expand its Bitcoin holdings. Additionally, Capital B raised $2.57 million to grow its Bitcoin treasury with the support of Adam Back. These developments highlight ongoing investment activity in both retirement finance innovation and cryptocurrency asset management.