[Huobi Founder Li Lin Leads Ethereum Treasury Company to Launch Fundraising, Aiming to Raise $1 Billion] BlockBeats news, October 30, according to the CoinList page, former Huobi founder Li Lin is launching fundraising for a $1 billion Ethereum crypto treasury (DAT) company. The company plans to raise $1 billion through private equity financing (PIPE) while issuing 1:1 bundled warrants, with an exercise price 50% higher than the issuance price. The PIPE pricing is expected to be approximately 0.88 times the net asset value (mNAV). Previously, insiders revealed that Li Lin will team up with Asia's earliest Ethereum supporters to establish the crypto treasury (DAT) company, including veteran blockchain investor and Distributed Capital co-founder Shen Bo, HashKey Group Chairman and CEO Xiao Feng, and Meitu founder Cai Wensheng.