PANews reported on October 31 that in response to MicroStrategy's recent plan to raise $42 billion in funds in the next three years, Wang Feng, the founder of Linekong Interactive, posted on the X platform today that in 2019 he had proposed that Linekong Interactive invest $20 million to buy Bitcoin (the price was less than $6,000 per coin at the time), but was strongly opposed by board members and a major shareholder representative and threatened to sue. He currently regrets that the plan was not implemented at the time, and said: "MicroStrategy started buying Bitcoin on a large scale only in 2020. If my plan for the listed company in 2019 could be implemented, we would have about 2 billion yuan in cash on the books." Then, Wang Feng mentioned that the company did not start implementing the Bitcoin investment plan until Wang Feng resumed his position as CEO in early 2023, but the price of Bitcoin had risen to $26,000 per coin at that time.
In addition, Wang Feng revealed that when he founded Mars Finance in 2018, the platform had received nearly 10 million US dollars in financing within a year, with monthly advertising revenue reaching up to 120 bitcoins, and a single conference in the summer of 2020 could receive sponsorship of approximately 10 million yuan.
