One closed a new fundraising round led by PayPal founder Peter Thiel and Chinese chipmaker Bitmain.
One revealed its newest fundraising round led by billionaires Peter Thiel and Bitmain CEO Jihan Wu. Adding to the cohort of notable investors, Louis Bacon of Moore Capital and Allen Howard of Brevan Howard also made contributions to the company behind the EOSIO software.
An early investor in Facebook, Airbnb, and SpaceX, Thiel is a self-proclaimed Bitcoin bull who reportedly invested $20 million in Bitcoin through his venture capital firm, Founders Fund in January 2018.
Most recently, Thiel joined Coinbase in backing the new Reserve stablecoin.
Jihan Wu is CEO of the world's largest manufacturer of cryptocurrency mining hardware, Bitmain which is also considered to be the largest blockchain business by market cap at nearly $12 billion.
Bitmain is also the owner of Bitcoin mining pools BTC.com and AntPool, which reportedly control over 50% of Bitcoin's total mining power.
The recent investments made by Thiel and Wu follow an earlier fundraising round led by Galaxy Digital's Mike Novogratz and Christian Angermayer of Lansdowne Investment Company Ltd. Expressing enthusiasm for their new addition of partners, Block.
EOS invested over $1 billion USD in startups developing applications on the Dawn 3.0 smart contract platform.
One has planned for the new investment round is still unknown.
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Bitmain and Peter Thiel Lead Investment Round for EOS Developer Block.one
Published on Jul 18, 2018
by Cryptoslate | Published on Coinage
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