The Ethereum treasury company led by original Huobi founder Li Lin has launched a fundraising initiative, aiming to raise $1 billion

ChainCatcher news, former Huobi founder Li Lin is launching a $1 billion Ethereum crypto treasury (DAT) company to initiate fundraising, aiming to raise $1 billion through a private investment in public equity (PIPE), while issuing a 1:1 warrant with an exercise price at a 50% premium to the issue price. The PIPE pricing is expected to be around 0.88 times the net asset value (mNAV).

Previously, sources revealed that Li Lin will team up with some of the earliest Ethereum supporters in Asia to establish the 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.