PANews reported on October 31 that regarding MicroStrategy's recent plan to raise $42 billion in the next three years, Wang Feng, the founder of Blueport Interactive, stated today on the X platform that in 2019 he had proposed that Blueport Interactive invest $20 million to buy bitcoins (at that time the price was less than $6,000 per coin), but was strongly opposed by board members and threatened with a lawsuit by a major shareholder representative. He now regrets that this plan was not implemented at that time and stated, "MicroStrategy only started buying bitcoins on a large scale in 2020. If my plan at the listed company could have been executed in 2019, we would have about 2 billion yuan in cash on the books." He then mentioned that it was not until early 2023, after Wang Feng resumed the role of CEO, that the company began to implement the bitcoin investment plan, but by then the price of bitcoin had risen to $26,000 per coin.
In addition, Wang Feng revealed that when he founded Mars Finance in 2018, the platform had once raised nearly $10 million in funding within a year, with monthly advertising revenue reaching as high as 120 bitcoins. In the summer of 2020, a single conference could receive approximately 10 million yuan in sponsorship.
