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Unspendable Labs
Dover, US · Founded 2024 · Delaware corporation
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Unspendable Labs builds protocols and infrastructure for the Bitcoin ecosystem, including a Bitcoin metaprotocol for DeFi with smart contracts and file storage, a marketplace for Bitcoin-native NFTs and tokens, and a browser wallet for Counterparty and Bitcoin. Its focus is decentralized finance and digital assets on Bitcoin.
Founders & leadership
Unspendable Labs was founded in 2024 by Adam Krellenstein.
Reported raises · per SEC filings
Form D private placements$2.2M disclosed across 2 rounds · 2024–2025
▶$1.5MraisedJun 2025 · 1 investors · Other TechnologyRule 506(b)
▶$1.5MraisedJun 2025 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Evan WagnerExecutive Officer, Director
- Adam KrellensteinExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $1.5M
- Minimum investment
- $1.5M
- First sale
- Mar 2025
- Incorporated
- Corporation, Delaware, 2024
- Federal exemptions
- 06b
▶$674.4KraisedJul 2024 · 5 investors · Other TechnologyRule 506(b)
▶$674.4KraisedJul 2024 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Evan WagnerExecutive Officer, Director
- Adam KrellensteinExecutive Officer, Director
- Offering amount
- $750K
- Amount sold
- $674.4K
- Minimum investment
- $30K
- First sale
- Jun 2024
- Incorporated
- Corporation, Delaware, 2024
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Unspendable Labs do?
- Unspendable Labs builds protocols and infrastructure for the Bitcoin ecosystem, including a Bitcoin metaprotocol for DeFi with smart contracts and file storage, a marketplace for Bitcoin-native NFTs and tokens, and a browser wallet for Counterparty and Bitcoin. Its focus is decentralized finance and digital assets on Bitcoin.
- Who founded Unspendable Labs?
- Unspendable Labs was founded by Adam Krellenstein in 2024.
- How much funding has Unspendable Labs raised?
- Unspendable Labs has disclosed $2.2M raised across 2 rounds.
- Where is Unspendable Labs headquartered?
- Unspendable Labs is headquartered in Dover, US.