Huobi Founder Aims for $1B Ethereum Treasury – Will He Really Pull It Off?

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In the ever-dramatic world of digital finance, whispers have emerged suggesting that a certain Li Lin, founder of Huobi exchange and chairman of Avenir Capital, is eyeing the construction of an Ethereum treasury worth a modest $1 billion. Ah yes, another firm is wading into the “let’s hoard as much Ethereum as we can” game. How original. 😏

The Great Ethereum Grab: Li Lin’s Billion-Dollar Dream

According to the not-so-groundbreaking news from Bloomberg (because who else?), Lin is reportedly pondering the launch of an Ethereum (ETH) treasury so vast that it might soon compete with the Ethereum hoarding efforts of, well, everyone. If this actually happens, the move could be one of the largest ETH accumulations ever seen. Color us skeptical… but not entirely surprised. 🙄

Lin is not in this alone, of course. In true corporate style, he’s teamed up with some high-profile figures from Asia, including Fenbushi Capital’s co-founder Shen Bo, HashKey Group’s CEO Xiao Feng, and Meitu’s founder, Cai Wensheng. Nothing says “trustworthy” like a group of rich people throwing their collective weight behind a shiny new investment. 💰

These fine individuals have managed to rustle up a $1 billion commitment, because hey, why not? They’ve even managed to convince Lin’s Avenir Capital to chip in $200 million, bridging the vast chasm between traditional finance (TradFi-ugh, yes, that’s a thing) and the volatile, seemingly never-ending digital asset wild west. 🤠

Additionally, $500 million has been pledged by various Asian institutional investors, all of whom seem to think that piling up Ethereum is a solid plan. One of the contributors, HongShan Capital Group, is apparently so impressed with this scheme that they’re already envisioning it as the next big thing. One can only hope their crystal ball is accurate. 🧐

Ethereum Treasuries: The New Corporate Trend? Oh, Joy

And yet, the game isn’t even close to being over. As of August 18, BitMine Immersion Technologies still holds the crown for the largest Ethereum treasury. With a stash of 1.52 million ETH, valued at a cool $5.89 billion (and no, they didn’t just trip over it), they’re on top of the heap. Just don’t ask them how they feel about that-BitMine recently bought up 202,037 more ETH, taking full advantage of the price dip, because why not hoard more? 🤷‍♂️

BitMine now boasts over 3 million ETH-2.5% of the total supply of the altcoin. (Remember, the altcoin here is Ethereum, not something you buy in a sketchy online marketplace, though it could probably be sold there too.) Meanwhile, the second-largest holder of Ethereum, SharpLink Gaming, is chilling with 840,124 ETH and counting. Not too shabby. 😎

So, like Huobi, there are many other companies jumping on the Ethereum treasury bandwagon. After all, if you can’t beat them, join them-especially when there’s so much digital gold to be hoarded. And who doesn’t love a good old-fashioned corporate scramble for supremacy? 🍿

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2025-10-18 19:52