Peter Thiel-Supported Crypto Venture Returns Over 6,500% to Some of Their Shareholders

Who would have thought that one of the biggest payouts from investment (at least in terms of percentage) for billionaire Peter Thiel, Alan Howard, and Louis Bacon would come from crypto startup? According to Bloomberg, a buyback from can return as much as 6,567% to its earliest investors. All this in a matter of fewer than 3 years. This is especially impressive considering we had over a year of a bear market.

Block.One delivers end-to-end solutions to bring businesses onto the blockchain from strategic planning to product deployment. Headed by the Chairman of Bitcoin Foundation Brock Pierce, a developer of technology solutions including blockchain software development,, focuses on business-grade technology solutions with global employees and advisors from Asia to the US. In June 2018,’s EOS finished its token crowdsale that lasted for a year. During the biggest ICO ever, its issuers managed to rake in a whopping $4 bln.

Currently, neither Thiel nor the aforementioned stockholders reflected on whether they will tender their stake in the buyback. Although, Galaxy Digital CEO Mike Novogratz announced that the crypto bank accepted the tender offer and received $71.2 mln with 123 percent ROI.

He said:

“The acceptance of’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio.”

Mike added that his team would proceed to work with as a key partner across numerous business lines including the Galaxy EOS VC Fund which invests in companies building on the EOS protocol. They collectively entered a joint venture in January 2018 to launch the EOSIO Ecosystem Fund with $325 million. received further investment from a number of big names including PayPal co-founder Peter Thiel and Bitmain co-founder Jihan Wu in July last year.

This exit happened as part of’s buyback program of 10% of its company shares. The firm’s buyback offer values itself at around $2.3 billion. This represents an increase of almost 66 times from what it was valued at in a 2017 seed funding round.

As expected there has been no real reaction on EOS markets as this was an anticipated part of the original investment program by Since the beginning of the big rally in early April, EOS has only managed a gain of 50% whereas Bitcoin has almost doubled.

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