Elerem Treasure Craze Continues: Huobi Founder Named $1b Dat Subreat Laut: Report
The introduction of Digital Asset Treasure (DAT) companies has been one of the constant themes of 2025, with institutional players exploring new ways to increase their exposure to cryptocurrencies, including Bitcoin and Endereum. In recent growth, the founder of Huobi and some Eletherum stalwarts have been looking to launch a digital asset vehicle.
It is planned to rely on the discussion of acquiring a Nasdaq-listed company
According to a 17-year-old Bloomberg report, Li Lin, founder of Cryptocurrency Exchange Huobi (now known as HTX) and Chairman of Eletherum Babesters plans to launch a new digital asset trust that will accumulate ETH tokens. This effort includes CEO of Hashkey Group, Fenbushi Capital Founder Shen Bo, and Meitu Inc. The founder is Cai Wensheng, as revealed by people familiar with the matter.
The Digital Asset Treasury currency vehicle aims to offer investors controlled exposure to Emereeum and, ultimately, the larger cryptocurrency market. While Crypto-Linked Exchange-Dest-Dests (ETFS) have been a huge success in the United States, Crypto Treasury service firms have emerged as the latest form of acquisition of digital assets institutions.
A Bloomberg report revealed that the group behind the prospect is currently in talks to acquire a Nasdaq-listed company to facilitate the launch of the vehicles. According to cited sources, the project has already raised about $1 billion, including $200 million from Avenir Capital and $500 million from Asian institutional players such as Hongshan Capital Group.
With discussions surrounding the formation of the Eletheru Trust still ongoing, people familiar with the matter said details of the venture could change before launch. Meanwhile, the announcement of the opening of the currency is expected to come in two to three weeks.
Is EnyeREUM ‘THE RULE OF THE LAW’?
This new era would represent another in a rich list of conferences already made and waiting. Joseph Chalom, Co-PEO of Sharplink Gaming, recently called ether a superior currency compared to Bitcoin.
Chalom staked his claim for Enyereum to be the best Treasury asset due to its high durability and ironic durability. According to Sharplink Co-CO, Bitcoin’s low volatility may be due to many coins being held (without trading) in highly traded currencies.
According to the latest report, Sharplink’s gambling promotes the holding of 840,124 Tokens, worth about $3.19 billion at the current market price.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from istock, chart from trading
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