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

BlockBeats News, October 30th - According to the CoinList page, Li Lin, the original founder of Huobi, will establish a $1 billion Ethereum Decentralized Autonomous Treasury (DAT) company. The company plans to raise $1 billion through a private investment in public equity (PIPE) offering, while also issuing 1:1 warrants with an exercise price set at a 50% premium to the offering price. The PIPE is expected to be priced at approximately 0.88x modified net asset value (mNAV). The subscription is expected to be completed by Friday, October 31, 2025, accepting payments in USD and USDC (ETH payments may be accepted if necessary).

Previously, insiders revealed that Li Lin will collaborate with Asia's earliest Ethereum supporters to establish the DAT company, including prominent blockchain investors, Distributed Capital co-founder Shen Bo, HashKey Group Chairman and CEO Xiao Feng, and Meitu Inc. founder Cai Wensheng.