Confirmation of cancellation! Two months ago today, several peers mentioned receiving news about the new ETH micro-strategy formed by Xiao Feng and Li Lin, along with a fundraising application. After posting that message, the blogger received a PR request stating that the company had already completed fundraising, with only a small portion of shares available, reserved for high-net-worth clients. Currently, media sources have confirmed that the company ultimately raised only $200 million, far below the expected total fundraising goal of $1 billion, and has since refunded and shelved the project.