Huobi Founder Secures $1 Billion to Fuel Major Ethereum Investment Strategy

Huobi founder and Avenir Capital chairman, Li Lin, has secured a significant investment of $1 billion for a strategic Ethereum accumulation strategy. This initiative will be undertaken in collaboration with prominent figures within the crypto industry like Shen Bo (Fenbushi Capital), Xiao Feng (HashKey Group CEO), and Cai Wensheng (Meitu founder). The group aims to execute this investment through a Nasdaq-listed shell company, receiving backing from $500 million from HongShan Capital Group and $200 million from Avenir Capital. Official launch is expected within the next two to three weeks.