Feng Liu
Feng Liu|Jun 01, 2025 01:45
ConsenSys teamed up with a group of Ethereum ecosystem builders to acquire the shell company SBET and transform it into an "Ethereum Micro Strategy". They spent $425 million - the shell's stock price was quickly inflated by 10 times, and then quickly issued additional shares at the same price, planning to raise $1 billion to buy ETH. This story happened 20 years ago, and my favorite stock market author of that era, Xu Xun, would write a big page in the Hong Kong Business Daily and curse him out.
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