This weekend, the updated bitcointreasuries.net sparked discussions among bitcoin enthusiasts as it showcased a visual representation of companies, countries, and funds that hold bitcoin on their balance sheets. Among the notable entities mentioned on the website, Microstrategy was revealed to own 158,245 BTC, while Block.one, the company behind the development of the EOS network, reportedly holds 164,000 BTC. The revelation about Block.one’s substantial bitcoin reserves drew the attention of many enthusiasts, with some noting that Block.one owns more bitcoin than Microstrategy.
While Microstrategy is a publicly traded company and regularly discloses its financials, Block.one is privately held, making it difficult to independently verify their bitcoin holdings. The only way to confirm Block.one’s holdings is to accept the company’s statement. However, there have been previous reports that support the claim, including one from 2019 where Bloomberg reported that Block.one held 140,000 BTC based on an email and sources familiar with the situation. Block.one’s CEO, Brendan Blumer, has also acknowledged the company’s bitcoin holdings in social media posts. However, without verifiable proof-of-reserves, the accuracy of the bitcoin treasury lists, including Block.one’s holdings, remains uncertain. The true scale of Block.one’s bitcoin stash continues to be a subject of speculation and intrigue within the bitcoin community.
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