Founder of Linekong Interactive: I suggested Linekong Interactive to invest in Bitcoin in 2019, and was threatened with lawsuit by shareholders

Wang Feng, the founder of Blue Harbour Interactive, wrote today to recall the regrettable past when he proposed that the company invest $20 million in Bitcoin in 2019 (when the price was less than $6,000 per coin), but was strongly opposed and threatened with legal action by a board member and representative of a major shareholder. It wasn't until early 2023, when Wang Feng resumed his role as CEO, that the company began implementing its Bitcoin investment plan, but by then the price had risen to $26,000 per coin. MicroStrategy did not begin large-scale Bitcoin purchases until 2020, and if Blue Harbour Interactive had executed its investment plan in 2019, it could have potentially gained significant returns. According to Wang Feng, his listed company and affiliated companies had nearly RMB 500 million in cash in 2019.