Li Lin’s $1B Ether Party: Nasdaq Crashers & Crypto Billionaires 🎉💰

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Finance 🤑

What to know: (Or How to Make a Billion Dollars Look Casual) 😎

  • Li Lin, the crypto wizard behind Huobi and chairman of Avenir Capital (fancy name alert 🚨), is throwing a $1B ether party with his rich crypto buddies, says Bloomberg. 🥳
  • Apparently, they’re crashing a Nasdaq-listed company’s party to make this trust official. Formal launch? More like “see you at the yacht club in a few weeks.” 🛥️
  • Institutions are suddenly acting like they’ve always loved ether. Public companies are hoarding 4.4 million ETH ($16.9B). Late to the party much? 🍾

So, Li Lin-crypto’s favorite ex-Huobi boss-is back, and this time he’s bringing a billion dollars in ether to the table. Bloomberg says he’s teamed up with Shen Bo (Fenbushi Capital), Xiao Feng (HashKey Group), and Cai Wensheng (Meitu), because why not? Together, they’re forming a trust that’s basically a “look at our cool digital assets” flex. 💪

Oh, and they’re buying a Nasdaq-listed company to make it all official. Because nothing says “we’re serious” like acquiring a company. They’ve already got $1B in commitments, including $200M from Li’s Avenir Capital and $500M from regional big shots like HongShan Capital. Talks are still happening, but expect a fancy announcement soon. 🗣️

This is all happening because everyone’s suddenly obsessed with ether after Bitcoin ETFs became the cool kids in school. Digital-asset managers are like, “Hey, we want in on this too!” 🏃♀️💨

Fun fact: Li sold Huobi to Justin Sun after China’s crypto ban in 2021. Now, his Avenir Capital is one of Asia’s biggest Bitcoin ETF holders, managing over $1B. So, yeah, he’s doing just fine. 🤷♂️

Meanwhile, CoinGecko says there are 14 public companies holding 4.4 million ETH ($16.9B). Tom Lee’s BitMine is the biggest flexer with $11B worth of ether. Rich people problems, am I right? 🤑

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2025-10-17 20:58