Galaxy Digital to Sell Its Block.one Share

The $71.2M worth transaction was successfully completed on May 20;since the moment the bank bought the stake, its value has increased more than twice
22 May 2019   192

The cryptocurrency trading bank Galaxy Digital sold $71.2M worth shares of the Block.one startup, which stands behind EOS creating. Thus, according to a press release, since the moment the bank bought the stake, its value has increased by 123%.

The acceptance of Block.one's tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio. We continue to work closely with Block.one as a key partner across a number of our business lines, including the Galaxy EOS VC Fund, which invests in companies building on the EOS.IO protocol, and remain excited about the EOS.IO protocol.
 

Michael Novogratz 

CEO/Founder, Galaxy Digital

The transaction was successfully completed on May 20. At the moment, the remaining share in the control of Galaxy Digital in a startup can no longer be considered a significant investment [below $ 100 million].

The bank and Block.one will continue to cooperate within the framework of the Galaxy EOS VC Fund venture fund for $ 325 million, which invests in projects that create products based on the EOSIO protocol.

Trading of Galaxy Digital LP shares on the Canadian TSX Venture Exchange started on August 1, 2018. Mike Novogratz’s share in the cryptobank is 79.3%.

Earlier, the media reported that the bank intends to raise up to $ 250 million in lending to cryptocurrency companies in dire straits.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.