Huobi founder establishes company to stockpile approximately $1 billion worth of Ethereum (ETH)
JH Kim
Summary
- It was reported that Huobi Global co-founder Leon Li launched a new company to hold and manage approximately $1 billion worth of Ethereum (ETH).
- The company said it aims to stockpile ETH over the long term.
- It said it plans to pursue ecosystem growth and investment strategies to expand market liquidity.
On the 17th (local time), on-chain data platform Unfolded, citing Bloomberg, reported that Huobi Global co-founder Leon Li launched a new company to hold and manage approximately $1 billion worth of Ethereum (ETH).
According to the outlet, the company plans to stockpile ETH over the long term and pursue investment strategies to promote ecosystem growth and expand market liquidity.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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