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  • EOS raised $4 billion from record-breaking ICO.
  • The company stated that the crypto losses were “more than fully recovered.”

According to a recent report, Block.one, the company behind EOS, has decided to buy back 10% of its shares from its early investors. In the process, the earliest backers will get a 6,567% ROI in less than three years. Names like Peter Thiel, Alan Howard, and Louis Bacon are included in the list of investors. The firm is offering $1,500 for each share compared to the seed round pricing of $22.50. EOS had earlier raised $4 billion from its year-long token sale making it the largest ICO till date.

The company disclosed that $2.2 billion worth of its investments are in U.S. government bonds. Despite holding 140,000 bitcoins, the company’s crypto portfolio took a massive hit in the bear market. However, the company stated that the crypto losses were “more than fully recovered” with the recent Bitcoin rally. It is not certain whether the early investors are going to cash out after the buyback.  Christian Angermayer, an early Block.one backer said:  

“Block.one is one of the most promising and best-positioned companies in the blockchain industry, and its success story is just beginning.”