🤑 Li Lin’s $1B ETH Grab: Crypto’s New Whale Alert! 🐳

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In the dusty plains of the crypto frontier, Li Lin, the sage of Huobi, has set his weathered eyes on a prize so grand it makes the California gold rush look like a kiddie treasure hunt. A cool $1 billion in ETH, he says, with a grin that could charm the coins right out of your wallet. 🤑 If he pulls this off, he’ll be the biggest fish in the Ethereum pond, and the rest of us? Well, we’ll just be minnows gasping for crumbs. 🐟

  • Li Lin’s grand plan: Scoop up $1 billion in Ether, because why not? 💰
  • Avenir Group: Already swimming in Bitcoin ETFs like a boss. 🏊♂️
  • Ethereum: The belle of the ball for companies with deep pockets and big dreams. 💃

Lin, the chairman of Avenir Capital-a Hong Kong outfit that straddles the old and new worlds of finance like a circus acrobat-is teaming up with a cast of characters straight out of a crypto blockbuster. Shen Bo, Xiao Feng, and Cai Wensheng are in the mix, forming a trust that’s more aggressive than a pit bull at a steak buffet. Together, they’re gunning for Ethereum like it’s the last pie at a family reunion. 🥧

According to Bloomberg, the gang’s all here, and they’ve already pocketed $1 billion in commitments. Lin’s throwing in $200 million of his own dough, while Asian institutional investors are chipping in $500 million. HongShan Capital Group is eyeing the action like a cat staring at a laser pointer. 🐱

ETH spot ETFs

Avenir Group, Lin’s brainchild, is already a big shot in the crypto ETF game in Asia. Since 2024, they’ve been hoarding Bitcoin ETFs like a squirrel with acorns. 🌰 The U.S. got its spot Bitcoin ETFs in early 2024, thanks to the SEC finally giving its nod. Asia wasn’t far behind, launching its first spot BTC and ETH ETFs in April 2024, right in the heart of Hong Kong. China Asset Management, Bosera, and Harvest Global Investments were the ringleaders, issuing ETFs like they were going out of style.

And let’s not forget the SEC, which gave the greenlight to spot Ethereum ETFs in July 2024. Because why let Bitcoin have all the fun? 🎉

Biggest ETH treasury companies

By 2025, the crypto ETF craze was in full swing, with Ethereum occasionally outshining Bitcoin like a younger sibling finally getting its moment in the sun. ☀️ According to CoinGecko, 14 public companies are sitting on a whopping $16.9 billion in ETH, just in case the world ends and the only currency left is cryptocurrency. BitMine leads the pack with over 3 million ETH, worth more than $11 billion. Because nothing says “I’m prepared for the apocalypse” like a mountain of digital coins. 🏔️

Other contenders in this high-stakes game of ETH accumulation include SharpLink, Bit Digital, and the ominously named ETHZilla. Because if you’re going to hoard Ethereum, you might as well have a name that strikes fear into the hearts of your rivals. 🦖

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2025-10-17 23:09