CoinVoice has learned that Wang Feng, the founder of Blueport Interactive, recalled in a social media post today that in 2019 he proposed the company invest 20 million dollars to buy bitcoins (at that time the price was less than 6000 dollars per coin), but was strongly opposed by board members and a major shareholder representative who threatened to sue. It wasn't until early 2023, when Wang Feng resumed his role as CEO, that the company began to implement the bitcoin investment plan, but by then the price of bitcoin had risen to 26,000 dollars per coin.
This statement stems from Wang Feng's comments on MicroStrategy's recent plan to raise 42 billion dollars in funding over the next three years. It is noteworthy that MicroStrategy only began to purchase bitcoins on a large scale in 2020, and if Blueport Interactive had executed its investment plan in 2019, it could have yielded considerable returns.
According to Wang Feng, when he founded Mars Finance in 2018, the platform had raised nearly ten million dollars in funding within a year, with monthly advertising revenue reaching as high as 120 bitcoins. In the summer of 2020, a single conference could attract around 10 million yuan in sponsorship. [Original link]
