[ETH Treasury Company, supported by Avenir and others from the Li Lin family office, launches PIPE fundraising on CoinList Alpha, aiming to raise $1 billion] The CoinList Alpha page shows that ETH Treasury Company, jointly initiated by Avenir Group from the Li Lin family office, Distributed Capital, Wanxiang Capital, and Meitu, is conducting a private investment in public equity (PIPE) round, with a target fundraising amount of $1 billion. This round will simultaneously issue subscription warrants at a 1:1 ratio, with an exercise price approximately 50% higher than the issuance price. The PIPE pricing is approximately 0.88 times the net asset value (mNAV). It is reported that preliminary subscription commitments from CoinList Alpha investors will close on October 29, with the final payment deadline set for October 31, 2025. Funds raised will be accepted in USD and USDC, with ETH also available as a payment option if needed.