Huobi Founder Plans $1 Billion Ethereum Treasury

Reported 1 day ago

The founder of the Huobi exchange, Li Lin, is reportedly aiming to create a $1 billion Ethereum (ETH) treasury, teaming up with prominent Asian investors including Fenbushi Capital's Shen Bo and HashKey Group's Xiao Feng. This initiative, which has already secured $1 billion in commitments, could position itself as one of the largest private accumulators of ETH, contributing to the growing trend of corporate ETH holdings in the crypto space.

Source: YAHOO

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