Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm

Core Insights - The establishment of a $1 billion Ethereum treasury is being pursued by Huobi founder Li Lin in collaboration with top Asian investors, marking a significant move in corporate accumulation trends [1][2] Group 1: Investment Strategy - Lin's family office aims to partner with notable investors such as Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng to launch the treasury [2] - The group has already secured $1 billion in commitments for the Ethereum accumulation strategy, with $200 million contributed by Lin through Avenir Capital [3] - An additional $500 million has been pledged by various Asian institutional investors, including HongShan Capital Group, who view this initiative as a promising venture [4] Group 2: Market Context - BitMine Immersion Technologies currently holds the largest Ethereum treasury, with 1.52 million ETH valued at approximately $5.89 billion as of August 18 [5] - BitMine has recently acquired 202,037 ETH tokens, increasing its total holdings to over 3 million ETH, which constitutes 2.5% of the total Ethereum supply [6] - SharpLink Gaming is the second-largest holder of Ethereum, with its holdings growing from over 728,804 ETH to 840,124 ETH [6]