Li Lin Sets Sights on $1B Ethereum Treasury
Huobi founder Li Lin is reportedly planning to launch a $1 billion Ethereum treasury firm, according to a Bloomberg report. The initiative could become one of the largest private ETH accumulation efforts in the world.
Lin, who also chairs Hong Kong–based Avenir Capital, aims to bridge traditional finance with digital assets through a new Ethereum trust. The venture will include several prominent Asian investors.
Collaboration with Leading Asian Investors
Li Lin’s family office plans to partner with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng. Together, they have formed a digital asset trust focused on Ethereum accumulation.
The group has reportedly secured $1 billion in commitments, with Li Lin contributing $200 million via Avenir Capital. Institutional investors across Asia are expected to add around $500 million, with HongShan Capital among the firms considering participation.
Avenir Capital Expands Crypto Footprint
Avenir Capital has already made waves in the crypto investment landscape, particularly in exchange-traded funds. Since 2024, the firm has become one of the leading institutional holders of Bitcoin through its spot ETF products in Asia.
The expansion into Ethereum follows the launch of Asia’s first spot BTC and ETH ETFs in April 2024, traded on the Hong Kong Stock Exchange. These ETFs were issued by China Asset Management, Bosera Asset Management, and Harvest Global Investments.
Ethereum Treasuries Gain Momentum
Ethereum treasury strategies are becoming increasingly popular among institutions. According to CoinGecko, 14 public companies now hold over $16.9 billion in ETH collectively.
BitMine leads with more than 3 million ETH worth over $11 billion. Other major corporate holders include SharpLink, Bit Digital, and ETHZilla.
If successful, Li Lin’s Ethereum trust could join this elite group, further signaling Asia’s growing dominance in the institutional crypto investment space.
