The Ethereum Treasury Company, led by former Huobi founder Li Lin, has launched a fundraising campaign aiming to raise $1 billion.

October 30th - As per the CoinList page, Li Lin, the former founder of Huobi, is set to establish a $1 billion Ethereum Decentralized Autonomous Treasury (DAT) company. The company intends to raise $1 billion through a private investment in public equity (PIPE) offering. Simultaneously, it will issue 1:1 warrants with an exercise price set at a 50% premium to the offering price. The PIPE is anticipated to be priced at approximately 0.88 times the modified net asset value (mNAV). The subscription is projected to be completed by Friday, October 31, 2025, and it will accept payments in USD and USDC. In case of necessity, ETH payments may also be accepted. Previously, insiders disclosed that Li Lin will collaborate with Asia's earliest Ethereum supporters to establish the DAT company. These supporters include prominent blockchain investors such as Shen Bo, the co-founder of Distributed Capital, Xiao Feng, the chairman and CEO of HashKey Group, and Cai Wensheng, the founder of Meitu Inc.