Block.one

[zasad@]

Block.one is one of the largest Bitcoin holders with around 140,000 BTC.
https://block.one/
This company holds its reserves in cryptocurrency, which today amount to $ 1.918 billion. (140,000 BTC)
By comparison, the Grayscale Bitcoin Trust's reserves are 456,537 BTC
https://bitcointreasuries.org/

I have been interested for a long time to study information about this company, so I will write everything that I managed to collect.

Company foundation
Block.one was founded in 2016 by the current CEO Brendan Blumer and his partners. The company's headquarters are located in Hong Kong, there are also offices in the Cayman Islands, in the USA, part of the global team is located in Europe, South Africa and other parts of the world. STO Daniel Larimer.

EOS ICO
Early contributors to Steemit and Bitshares.
After the first round, Block.one funding was joined by: Bitmain mining company, early investor Peter Thiel
EOS also raised more than $ 4 billion in “continuous” ICOs.

Which companies are owned by Block.one

EOS
https://eos.io/

Venture company
https://vc.eos.io/

VOICE
https://app.voice.com/
Blockchain-based social network.
The Voice.com domain was purchased from MicroStrategy for $ 30 million in 2019

"Block.one has pledged to invest $ 1 billion in startups running on the EOS platform. The company does not say what the rest of the money from the token sale will be spent on.

Unfortunately, some of the most distinguishing features of EOS are those that certain critics dislike the least. There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve."

New DApps per Month   EOS
https://www.stateofthedapps.com/stats/platform/eos#new

New DApps per Month   ETH
https://www.stateofthedapps.com/stats/platform/ethereum#new

The company owns a huge capital, and the number of applications on its platform is falling.

Was buying bitcoins the most correct investment decision for this company?


__
Sources:
https://coinmarketcap.com/currencies/eos/
https://coinmarketcap.com/ru/headlines/news/blockone-ceo-calls-microstrategys-massive-bitcoin-bet-smart-move/
https://bit.news/biznes/block-one-bet-vse-rekordy-privlekaya-185-millionov-za-5-dnej
https://zen.yandex.ru/media/ff_ru/kto-stoit-za-blockone-i-krupneishim-ico-v-mire-5c32fbeeed659f00ac9803be
https://hosting.kitchen/webnames/voicecom-prodan-za-30-millionov-dollarov.html
https://vc.ru/crypto/38964-blokcheyn-startap-block-one-priblizilsya-k-rekordnomu-ico-na-4-mlrd
https://www.theblockcrypto.com/linked/28076/block-one-paid-30-million-to-purchase-a-domain-name-for-its-social-media-platform

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[bitmover]

Was buying bitcoins the most correct investment decision for this company?

Not only for that company, but for anyone who bought it prior to  2017.

There are those that argue that extensive Block.one’s involvement with this project means it’s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve.

I didn't know they owned EOS.

I don't like EOS too much. Personally, I think all cryptocurrency projects are centralized, except bitcoin. EOS is no different.

EOS blockchain size is already more than 4 Terabytes. Who the hell is going to run a full node of that centralized coin?
https://www.cryptoglobe.com/latest/2019/02/eos-4-terabyte-blockchain-bloat-analysts-claim-eos-has-critical-design-flaws/

I believe all their data is very inflated as well. EOS has like 80% of all blockchain activity. But who the hell uses EOS for anything?
https://blocktivity.info/


Fake data, fake volume, for what?

[grabpopcorn536]

They own an old asset, Bitcoin, and have made something as bad as EOS. I don't think EOS will become the alternative cryptocurrency trend to Ethereum. I think EOS's ICO has raised a lot of money and has not brought much value to investors or programmers. In other words, they used their reputation to make money.
Projects like these are only making the crypto space worse.

[exstasie]

The company owns a huge capital, and the number of applications on its platform is falling.

Was buying bitcoins the most correct investment decision for this company?

Didn't their reserves come directly from ICO fundraising? They raised over $4 billion in a year-long ICO. I just assumed they held most of their BTC, ETH, etc. instead of liquidating large amounts.

[zasad@]

The company owns a huge capital, and the number of applications on its platform is falling.

Was buying bitcoins the most correct investment decision for this company?

Didn't their reserves come directly from ICO fundraising? They raised over $4 billion in a year-long ICO. I just assumed they held most of their BTC, ETH, etc. instead of liquidating large amounts.

"As of May 2019, the lion’s share of the company’s reserves was in U.S. Treasury bonds, according to a Bloomberg report."
Source:
https://coinmarketcap.com/ru/headlines/news/blockone-ceo-calls-microstrategys-massive-bitcoin-bet-smart-move/


"Block.one pours $150 million into its new social media platform" 
https://www.theblockcrypto.com/daily/25741/block-one-poured-150-million-into-its-new-social-media-platform

+$30 million for buying a domain
https://hosting.kitchen/webnames/voicecom-prodan-za-30-millionov-dollarov.html

I also wonder when this company bought bitcoins, but from what I found, I cannot conclude that they bought bitcoins in 2019.

[shinratensei_]

The company owns a huge capital, and the number of applications on its platform is falling.

Was buying bitcoins the most correct investment decision for this company?

Didn't their reserves come directly from ICO fundraising? They raised over $4 billion in a year-long ICO. I just assumed they held most of their BTC, ETH, etc. instead of liquidating large amounts.

EOS has liquidated all of ethereum that already obtained from the crowdsale

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx (EOS-Owner's address)

All of the raised amounts from the crowdsale had been sent to the eos owner's address.

EOS crowdsale had only accepted ethereum as the payment to participate in the crowdsale. You can see the EOS owner had been liquidated millions of ethereum since the crowdsale ended.

[zasad@]

So they later acquired the U.S. Treasury bonds.
Please tell me how profitable is investing in the U.S. Treasury bonds?

I found information that the return on investment in the U.S. Treasury bonds range from 2.5% - 2.9% per annum.
https://alfainvestor.ru

Investments in cryptocurrency projects bring more profit. It's enough just to buy BTC

[Smartprofit]

In 2017-2018, I invested in EOS tokens.  

Block.one was the organizer of this project.  What have they done with the received Ethereum cryptocurrency?  

In December 2017 - January 2018, the Ethereum price rose to almost $ 1,500.  Was Block.one the organizer of this pump?  Quite possible.  During the EOS ICO, the Ethereum cryptocurrency was worth $ 250-350.  

Brendan Blumer (CEO of Block.one) is an energetic and outgoing leader.  

https://block.one/team/

He had a lot of business contacts (Chinese cryptocurrency exchanges, Asian investors, Bitfinex cryptocurrency exchange, etc.).  

All these people had the opportunity to organize this pump and sell Ethereum profitably.

In 2017, many ICOs have amassed large amounts of ETH.  At the same time, EOS is the most successful ICO.

[zasad@]

https://www.theblockcrypto.com/post/126801/eos-community-halts-payments-worth-250-million-in-eos-to-block-one-and-brock-pierce
EOS community halts payments worth $250 million in EOS to Block.one and Brock Pierce
"Block.one was set to receive a further 67 million EOS over the next six to seven years, from the EOS blockchain.
But the community has revolted, cancelling further payments — and wants to acquire the rights to the EOS intellectual property.

The EOS community today elected to stop ongoing payments to Block.one — the company that originally designed the network — over claims that it is no longer acting in the network’s best interests. "