Wang Feng: was threatened with a lawsuit by shareholders for suggesting investing in BTC at Blueport Interactive in 2019

BlockBeats news, on October 31st, Wang Feng, the founder of Blue Harbour Interactive, today recalled the news of seeing MicroStrategy's plan to raise $42 billion in funds over the next three years, which reminded him of a regrettable event. In 2019, he proposed the company to invest $20 million to purchase BTC (with a price of less than $6000 per coin at the time), but faced strong opposition and threats of lawsuits from board members and a major shareholder representative. It wasn't until early 2023, when Wang Feng resumed his position as CEO, that the company began to execute the BTC investment plan, but by then the price of BTC had risen to $26,000 per coin. MicroStrategy only began large-scale purchases of BTC in 2020, and if Blue Harbour Interactive had been able to execute the investment plan in 2019, it could have potentially gained significant returns. According to Wang Feng, in 2019, his listed company and its affiliated companies had nearly 500 million RMB in cash.