Report: Blacksburg’s Block.one holds $3 billion worth of assets, largely in government bonds
Block.one, a company with deep roots in Blacksburg, has $3 billion worth of assets, according to a report from Bloomberg.
The story, published Tuesday night, cited anonymous sources and an email that Block.one reportedly sent its investors on March 19.
A Block.one spokeswoman declined to comment on the figures when reached by email Wednesday. But the reporting offers the latest insight into the unique, mostly opaque business that has set up shop in Virginia Tech’s backyard.
The company was created in part by Dan Larimer, a former Virginia Tech student and longtime Christiansburg resident. He says his team of engineers is building tools that will power the next age of the internet, using blockchain technology to revolutionize the way data is stored and shared.
Block.one also launched its own cryptocurrency, EOS, when it formed as a startup in 2017. That so-called initial coin offering made national headlines when it raised about $4 billion.
Since then, Block.one has been hiring aggressively at its various offices around the world, including in Blacksburg. It purchased a large office in the Virginia Tech Corporate Research Center and a company spokeswoman last year called the town an “important center for this growth.”
The company also has a corporate office in Hong Kong, and another location in Los Angeles.
The company also gave a $3 million gift to Virginia Tech last year in order to establish a more robust blockchain curriculum at the university.
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