Nicephorus Gregoras
Most likely, the column was erected to honor the victories of either Claudius II Gothicus (r. 268-270) or Constantine the Great (r. 306-337), both of whom are noted for achieving victories over the Goths. According to Byzantine historian Nicephorus Gregoras ("c." 1295-1360), the column was once surmounted by a statue to Byzas the Megarian, the semi-legendary founder of Byzantium. Other sources mention a statue of the goddess Tyche, now lost.