Huobi Founder Plans $1 Billion Ethereum Treasury with Asian Investors
Reports indicate the establishment of a $1 billion Ethereum treasury by Li Lin, founder of Huobi exchange and chairman of Avenir Capital, in partnership with top Asian investors.
Key Investors and Commitments
- Li Lin's family office plans to partner with Shen Bo (Fenbushi Capital), Xiao Feng (HashKey Group), and Cai Wensheng (Meitu).
- This group aims to create a digital asset trust focused on Ethereum accumulation.
- A total of $1 billion has been committed to this strategy, including $200 million from Avenir Capital.
- $500 million pledged by various Asian institutional investors, including HongShan Capital Group.
Corporate Ethereum Treasuries
- BitMine Immersion Technologies holds the largest Ethereum treasury, owning 1.52 million ETH worth approximately $5.89 billion.
- Recent acquisition by BitMine increased its holdings to over 3 million ETH, representing 2.5% of the total supply.
- SharpLink Gaming is the second-largest holder, currently with 840,124 ETH.
The trend of corporate Ethereum treasuries continues to grow among crypto firms.