Billionaires Headline Block.one Funding Round

Block.one announced the conclusion of the funding round on Monday, but the firm did not reveal its size or at what valuation it was conducted.In any case, the offering attracted a cadre of high-profile investors.Thiel, a PayPal co-founder and hedge fund manager, is a bitcoin bull, though in public statements he has been less optimistic about the prospects of other cryptocurrencies.Bitmain, the world’s largest producer of cryptocurrency mining hardware, is at least three times the combined size of its competitors, several of whom are themselves believed to be worth more than $1 billion.Other investors included hedge fund billionaire Alan Howard, who first invested in cryptocurrencies earlier this year and has since made a “sizable” bet on the nascent sector, as well as Louis Bacon, founder of Moore Capital Management.“As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world,” said Block.one CEO Brendan Blumer, who was mum on what those “future plans” involve.The funding round marked the second time that Block.one had raised capital through traditional avenues. A previous funding round attracted investments from Galaxy Digital founder Mike Novogratz, Apeiron Investment Group founder Christian Angermayer, and Lansdowne Investment Company.

billionaire peter thiel, bitman lead investment round in creator block one .......

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