what's Fenbushi Capital?

Fenbushi Capital is a pioneering blockchain-focused venture capital firm based in Shanghai, China, established in 2015. It was founded by industry veterans, including Vitalik Buterin as a co-founder, and has grown to manage assets under management (AUM) exceeding $1.6 billion. The firm specializes in investing in blockchain and cryptocurrency projects across various sectors such as finance, healthcare, supply chain, and consumer goods, supporting over 300 innovative companies globally. As one of the earliest backers of Ethereum, Fenbushi Capital plays a key role in fostering the growth of the blockchain ecosystem by providing strategic partnerships and resources to startups. The firm's investment strategy emphasizes long-term value creation through rigorous due diligence and active involvement in portfolio projects. It operates across multiple continents, with a focus on transformative technologies that leverage blockchain for real-world applications. Fenbushi Capital's portfolio includes notable investments in decentralized finance (DeFi), infrastructure, and Web3 initiatives, contributing to the sustainable development of the industry.

Fenbushi Capital plans Nasdaq acquisition for $1B Ethereum treasury with Avenir and HongShan investment.