Peter Thiel, the co-founder of PayPal, invested into Block.one, the company behind EOS. Block.one closes record $4 Billion ICO of EOS.

Rumors about Peter Thiel’s investment into Telegram’s ICO weren’t confirmed.

Block.one announced a new round of private funding that was backed by some big-name investors such as Bitmain and hedge fund billionaires Louis Bacon and Alan Howar.

“[Block.one is] excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.” said CEO Brendan Blumer.

EOS is now the 5th most valuable cryptocurrency based on market capitalization.

CoinDesk reported that Block.one started planning a more active role in EOS network and economy recently. Although, some of the experts consider it as a problematic move.

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