Ethereum Treasury Plan Shelved: Asia-Led $1B DAT Initiative Returns Funds as NAV Falls Below 1

COINOTAG News reports on November 19 that a Ethereum Treasury plan valued at about $1 billion, led by Li Lin with partners Xiao Feng, Shen Bo, and Cai Wensheng, has been shelved, and the raised capital returned. This would have been the largest DAT initiative backed by Asian investors.

Some insiders attribute the pause to the ongoing bear market after the 1011 incident, with several DAT players seeing material NAV weakness. Current mainstream Ethereum Treasury peers report mNAV below parity, with Bitmine at 0.86 and SharpLink at 0.85.

Bloomberg previously linked Li Lin to a new digital asset trust fund aiming to acquire about $1 billion in ETH, with a plan to establish a NASDAQ-listed shell as the structural vehicle. Funding is described as roughly $200 million from Avenir Investment and around $500 million from Asian backers such as Sequoia China.