Huobi founder, Li Lin, is collaborating with top investors to establish a $1 billion Ethereum treasury, aiming to be one of the largest accumulators of ETH. The team has secured $1 billion in commitments, with $200 million from Lin’s Avenir Capital and $500 million from Asian institutional investors. BitMine Immersion Technologies currently holds the largest Ethereum treasury with 1.52 million ETH. SharpLink Gaming follows with over 728,804 ETH. Many companies are launching their Ethereum treasuries, following this trend in corporate accumulation of ETH. Ethereum is currently trading at $3,876.21 per unit.

Read more at Yahoo Finance: Huobi Founder Eyes $1,000,000,000 Ethereum Treasury Firm