Ethereum treasury company led by former Huobi founder Li Lin launches fundraising, aiming to raise $1 billion

According to ChainCatcher, the original founder of Huobi, Li Lin, is launching fundraising for a $1 billion Ethereum crypto treasury (DAT) company. The company plans to raise $1 billion through private investment in public equity (PIPE), while issuing 1:1 stapled warrants with an exercise price at a 50% premium to the issue price. The PIPE is expected to be priced at approximately 0.88 times the net asset value (mNAV).

Previously, sources revealed that Li Lin will join forces with some of Asia's earliest Ethereum supporters to establish this crypto treasury (DAT) company, including veteran blockchain investor and co-founder of Distributed Capital Shen Bo, HashKey Group Chairman and CEO Xiao Feng, and Meitu founder Cai Wensheng.