Internet reports that some of Asia's earliest and well-known Ethereum supporters plan to acquire a Nasdaq-listed company and launch a US$1 billion Ethereum Digital Assets Treasury Company (DAT). Participants in the plan include Li Lin, founder of Huobi and chairman of Avenir Capital, Shen Bo, founder of Fenbushi Capital, Xiao Feng, CEO of HashKey Group, and Cai Wensheng, founder of Meitu. Avenir manages more than $1 billion in assets and has reportedly committed $200 million. At the same time, investors such as Sequoia Capital have also promised hundreds of millions of dollars in support.