Internet Computer

2017-02-01

DFINITY seed round closes: approximately CHF 3.9 million raised from ~370 participants at $0.03 per ICP token. This date later becomes legally significant as the start of the securities repose period.

2018-02-07

DFINITY raises $61 million from Andreessen Horowitz and Polychain Capital in a Series A round.

2018-08-29

DFINITY raises additional $102 million in a follow-on round jointly led by Andreessen Horowitz and Polychain Capital, bringing total institutional funding to approximately $164 million.

2021-05-10

Internet Computer Genesis launch. ICP token begins trading on major exchanges, reaching highs above $700 per token and briefly entering the top 3 cryptocurrencies by market cap.

2021-05-10

Arkham Intelligence subsequently identifies approximately 18.9 million ICP tokens transferred from addresses attributed to DFINITY insiders and treasury to exchanges in the weeks following Genesis, worth approximately $3.6 billion at peak prices.

2021-06-30

ICP token has lost approximately 95% of its peak value, falling from above $700 to approximately $28-30. The decline is steeper and faster than any comparable top-100 cryptocurrency in the period.

2021-07-15

First class-action lawsuit filed in California, naming DFINITY USA Research LLC, DFINITY Foundation, Dominic Williams, Andreessen Horowitz, and Polychain Capital as defendants, alleging unregistered securities sales and insider trading.

2021-08-01

Second class-action lawsuit filed. Roche Freedman LLP files action claiming ICP is an unregistered security and that defendants engaged in market manipulation causing billions of dollars in investor losses.

2023-02-09

Third Amended Class Action Complaint filed in Case No. 21-CIV-03843, continuing allegations of Securities Act violations, market manipulation, and insider selling.

2025-02-10

California Superior Court grants summary judgment in favor of DFINITY Foundation on state-law securities claim, finding DFINITY was not a statutory seller under Section 12(a)(1).

2025-03-25

U.S. District Judge James Donato dismisses the primary federal class-action lawsuit as time-barred under the Securities Exchange Act's three-year statute of repose, ruling the filing came approximately 18 months too late. Underlying fraud claims not adjudicated on the merits. Plaintiffs granted until April 8 to amend.

2026-01-01

DFINITY publishes Mission 70 whitepaper proposing to reduce annual ICP inflation from 9.72% to approximately 2.92-5.42% by end of 2026. The proposal passes NNS governance with approximately 53% support.

2026-05-12

ICP trades at approximately $3.20-$3.34, with a market capitalization of approximately $1.76 billion, ranked approximately #52 by market cap — approximately 99.5% below its May 2021 all-time high.