Wang Feng, founder of Blue Harbor Interactive, recalled today that he saw the news that MicroStrategy plans to raise $42 billion in the next three years, and remembered the regrettable past. In 2019, he proposed that the company invest 20 million dollars to buy bitcoin (the price was less than $6,000/piece at that time), but it was strongly opposed by board members and a major shareholder representative and threatened to sue. It was not until early 2023 that Wang Feng returned as CEO that the company began to implement the bitcoin investment plan, but the bitcoin price had risen to $26,000/piece.
MicroStrategy only started to buy bitcoin on a large scale in 2020, and if Blue Port Interactive can execute the investment plan in 2019, it will likely gain considerable profits. According to Wang Feng, its listed companies and affiliated companies had nearly 500 million yuan in cash in 2019.
Founder of Blue Port Interactive: Suggested that Blue Port Interactive invest in Bitcoin in 2019, but was threatened by shareholders
2024-10-31 05:34:02
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