EOS Founder Hints Biggest Announcement For EOS Coming in June, Now Buys Back 10% Of Its Stock

EOS Founder, Dan Larimer, is bullish on his project and says the biggest announcement since EOSIO is coming up in June.

As previously reported by IIB, Larimer has been hinting at this big announcement since March and has been hyping it up in the EOS Telegram group.

Adding to this EOS bullishness is Block.one, the blockchain development company developing EOSIO software.

According to a report by Bloomberg, the blockchain solutions firm is now attempting to buy back 10% of its stock, indicating that the company has a positive outlook on EOS and is buying in anticipation of the big EOS announcement.

Block.one Valued at $2.3 Billion

Per the Bloomberg report, the company’s buyback values Block.one at $2.3 billion as the repurchase price of its shares is $1,500 per share, which is up 6,567% from the original price of $22.50.

Therefore, since the company is buying back these shares at such a high price, they must anticipate even more growth in the future, perhaps after the EOS announcement in June.

Moreover, in a Bloomberg interview with Nic Carter, a partner at the blockchain investment firm Castle Island Ventures, he had this to say about Block.one’s buyback:

“A private buyback of this sort signals to me that the company believes that there are few growth opportunities in sight, or badly wants to consolidate ownership and avoid outside scrutiny.”

Furthermore, Bloomberg notes that this isn’t the first time Block.one has repurchased a portion of its shares. The company reportedly repurchased 13.8% of its shares at $1,200 per share, costing them $300 million.

Therefore, as Carter says, Block.one either believes they will grow more than other investment opportunities or wants to consolidate ownership.

What do you think the big EOS announcement will be in June? Will the price of EOS skyrocket following the news? Let us know what you think in the comment section below.

1 Comment

  • Arto
    Posted May 31, 2019 1:28 am 0Likes

    Nobody knows. If it’s big eos will fly.

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