Wang Feng: Blueport Interactive strategically holds Bitcoin and will disclose tactical reduction progress in a timely manner

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, stated on his X platform: "Why did Blueport Interactive buy Bitcoin, and what’s next? I will answer five points here:

1. Our holding of Bitcoin is strategic. We are optimistic about Bitcoin network applications, decentralized finance, and empowering real assets and crypto assets aimed at Web3 applications.
2. I am a fervent believer in crypto technology and have launched Marsbit, Consensus Lab (LK Venture), Mars Cloud Mining, and Element over the past five years. After regaining the CEO position in the first quarter of last year, I have vigorously promoted the integration of Blueport Interactive with Web3 business attempts.
3. I am pleased that today Bitcoin has reached a new level close to $90,000, with our first purchase price at $26,000, followed by subsequent purchases. I first advocated for Blueport Interactive to buy Bitcoin when it was over $4,000, but at that time it was difficult for our board to execute.
4. We will inevitably disclose the progress of linear reduction at the appropriate time; crypto assets, like stocks, have a market norm of volatility, and any reduction is tactical; if there is a reduction today, it must be for an increase tomorrow.
5. We are long-term optimistic about Bitcoin; and we are very optimistic about the possibility of significant growth within this year or the first quarter of next year."