One made history by returning more than 6,567 percent returns to its earliest investors in less than three years.
Seeing your original investment return several thousand percent is not unheard of-companies such as Netflix have had a 5,000 percent ROI in just 10 years.
Early investors in tech giants such as Google, Apple, or Amazon have all seen their thousands turn into millions, but these kinds of returns for equity investments are seldom talked about in the crypto industry.
One, a Hong Kong-based and Cayman Islands-registered company, announced that it will return as much as 6,567 percent to its earliest investors.
The buyback of 10 percent of its stock values the company at about $2.3 billion, up from a $40 million valuation in its 2017 seed round, Bloomberg reported.
Compared to the $22.5 per share investors paid in 2017 and 2018 fundraising, that is a 6,567 percent return.
Billionaire tech investors Peter Thiel, Alan Howard, and Louis Bacon could all see these returns from their investments back in July of 2018.Private stock buyback could indicate problems within the company.
One stands out from all other companies in the crypto industry because of the "Scope of its ambitions and the size of its balance sheet." The company's promise to produce key building blocks for a new blockchain version of the internet enabled it to raise the huge sum of capital, in crypto, from investors.
The company's CEO Brendan Blumer said that the company's transparent business model has been causing trouble.
The newest buyback could be an attempt to gain more control over both resources and information at the company.
Investors in the company that created EOS will see 65x returns in stock buyback
gepubliceerd op May 23, 2019
by Cryptoslate | gepubliceerd op Coinage
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