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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Data: Nearly 45% of VC-supported encryption projects have closed down, with Polychain Capital having the highest investment failure rate.
According to Bitcoin.com News, Chainplay and Strorible data show that nearly 45% of venture capital (VC)-backed crypto projects have ceased operations, while 77% have earned less than $1,000 per month, according to News. The study covers 1,181 projects that received funding between January 1, 2023 and December 31, 2024.
The report indicates that Polychain Capital has the highest project failure rate among the investments it has made, with 44% of its projects having ceased operations and more than three-quarters (76%) of its projects failing to generate significant revenue. Other top venture capital firms such as Yzi Labs (72%), Circle (38%), Delphi Ventures (33%), and Consensys (30%) also face a high proportion of project failures.
In addition, the study found that the amount of money raised had a significant impact on project success, with projects raising more than $50 million having a lower failure rate, and more than 33% of projects raising less than $5 million eventually failing or ceasing operations.