Venture capital companies invest record amount of $17 billion in cryptoactive industry

Venture capital funds have already injected $17 billion this year into companies operating in the cryptocurrency sector, according to data from research firm PitchBook.

This amount is considered a record in a single year and is almost equal to the sum total of the amounts recorded in all previous years added together, that is, between 2010 and 2021.

2010 – 0.0 Bi

2011 – 0.0 BI

2012 – 0.1 Bi

2013 – 0.2 Bi

2014 – 0.9 Bi

2015 – 1.0 Bi

2016 – 1.2 Bi

2017 – 1.6 Bi

2018 – 7.4 Bi

2019 – 3.1 Bill

2020 – 5.5 Bi

2021 – 17.2 Bi (until June)

Venture capital has been accumulating in companies in the cryptoactive sector this year. Two companies are cited by the US press as an example.

One is, a blockchain software company, which received a $10 billion investment in digital assets and cash and raised $300 million in an investment round.

The other is Ledger SAS, maker of hardware wallets for Bitcoin and other cryptocurrencies. The company had the second-highest revenue so far this year with an investment of $380 million from sponsors led by 10T Holdings.

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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