Block.one, the company behind the EOS project, holds 140,000 BTC worth $5.2 billion, according to the Bitcoin Treasuries service.

At the time of writing, the cryptocurrency EOS has a capitalisation of $2.6bn. The asset is ranked number 16 by CoinGecko.

The price of EOS has fallen 10% in the past 30 days, and 28.8% over the past year. This is the worst performance among the top 20 crypto-assets, according to Messari.

At the time of writing, the asset is trading around $2.80 – 87.9% below its all-time high of $22.89 reached on 29 April 2018.

„EOS was nothing more than a bitcoin heist,“ shared the opinion of Peter McCormack, host of the popular bitcoin podcast.

In May last year, a class action lawsuit was filed against Block.one and Dan Larimer in the US. The plaintiffs accused the defendants of providing false information and conducting an unregistered sale of securities.

As a reminder, the price of EOS accelerated in the wake of Dan Larimer’s departure from Block.one.