ETH Treasury Company, initiated by Li Lin's family office Avenir, Distributed Capital, and others, raises funds on CoinList

Jinse Finance reported that according to information on the CoinList page, the ETH treasury company initiated by Li Lin Family Office Avenir Group, Distributed Capital, Wanxiang Capital, and Meitu is currently raising funds on a certain exchange Alpha. This ETH treasury company is raising 1 billion USD through private investment in public equity (PIPE), while simultaneously issuing 1:1 bundled warrants with an exercise price 50% higher than the issue price. The PIPE is expected to be priced at approximately 0.88 times the net asset value (mNAV). The preliminary commitment deadline for Alpha investors on the exchange is October 29, and payment must be completed by October 31, 2025. Payments in USD and USDC are accepted (ETH payments can be accepted if necessary).