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: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.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.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.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.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."

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, recalled in a social media post today that in 2019 he proposed the company invest $20 million to purchase Bitcoin (which was priced at less than $6,000 each at the time), but faced strong opposition from board members and a representative of a major shareholder who threatened to sue. It wasn't until early 2023, after Wang Feng resumed the role of CEO, that the company began to implement the Bitcoin investment plan, but by then the price of Bitcoin had risen to $26,000 each.This statement stems from Wang Feng's comments on MicroStrategy's recent plan to raise $42 billion in funding over the next three years. Notably, MicroStrategy only began purchasing Bitcoin on a large scale in 2020, and if Blueport Interactive had executed its investment plan in 2019, it could have potentially reaped substantial profits.According to Wang Feng, when he founded Mars Finance in 2018, the platform secured nearly $10 million in funding within a year, with monthly advertising revenue peaking at 120 Bitcoins, and a single conference in the summer of 2020 could attract approximately 10 million RMB in sponsorship.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, shares his views on the Bitcoin market on X.The specifics are as follows:Bitcoin is likely to soon break through the previous high before the last bull market.After Bitcoin reaches between 90,000 and 100,000, it may be the first real correction point (there won't be a significant correction at the moment), then it will correct to 60,000-80,000, gather strength, take off again, and enter above 120,000.The Bitcoin halving is favorable, and there will definitely be short-selling sentiment, which may be negligible against the currently very strong ETF Bitcoin price increase.This time next year, it may be hard to see Bitcoin below 100,000. Similarly, it may also be difficult to see Ethereum below 10,000 at that time.Currently, the rise stimulated by the Bitcoin spot ETF has just awakened the traditional overall cryptocurrency market from the market winter, and it is far from entering the greed phase in the crypto market.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, tweeted, "I will transfer all my equity in Element to the Hong Kong listed company Blueport Interactive Group Limited free of charge, making Element a part of the listed company holding quality assets. At the same time, I announce that I will no longer hold any equity in Crypto projects in my personal capacity. All my investment paths will be through assets under Blueport Interactive."

ChainCatcher news, Hong Kong listed company Blueport Interactive (8267.HK) affiliated crypto investment and research institution LK Venture announced that it has invested in the Bitcoin Layer2 scaling solution Merlin Chain through the Bitcoin network ecological investment management fund BTC NEXT.Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC anti-fraud module, dedicated to empowering native assets, protocols, and products on Bitcoin Layer1 through Layer2 network, making Bitcoin interesting again. Bitmap Tech is the parent company of Merlin Chain, with a total market value of over 500 million USD, and its BRC-420 "Blue Box" series has become one of the hottest assets on Ordinals.LK Venture founding partner Leo Deng stated that through the differentiated strategy of "first having the ecosystem, then having Layer2," Merlin Chain will bring the Bitcoin Layer1 assets represented by the Blue Box and the strong user community consensus of Bitmap holders into Bitcoin Layer2, endowing it with rich asset reserves and user base. We appreciate the efforts made by the team behind Merlin Chain, Bitmap Tech, in focusing on the Bitcoin ecosystem over the years, and look forward to the technological upgrades of Merlin Chain and the further expansion of its DApp ecosystem.

ChainCatcher news, Hong Kong listed company Blueport Interactive's LK Venture announced on platform X that it has made a strategic investment in the Bitcoin RGB infrastructure BiHelix through the Bitcoin network ecological investment management fund BTC NEXT.

ChainCatcher news, Hong Kong-listed company Lan Kwai Fong Interactive (08267) announced that, according to the purchase authorization, the board of directors is authorized and empowered to purchase cryptocurrencies in the open market for a maximum amount of up to 5 million USD. The nature of cryptocurrencies is typically highly volatile and subject to sudden large price fluctuations. Since the approval of the purchase authorization on November 22, 2023, the value of cryptocurrencies has surged, making the purchase authorization less clear in its intended goals and ultimately limiting potential shareholder value enhancement.In light of these circumstances, the company believes it is necessary to revise the maximum amount to 6 million USD for purchasing cryptocurrencies in the open market and further amend the unit price ceiling for Bitcoin and Ethereum to not exceed 10% above the market price.The board believes that revising the purchase authorization can provide the board with the flexibility to seize fleeting opportunities. Other terms of the purchase authorization will remain unchanged.

ChainCatcher news, Hong Kong listed company Blueport Interactive's LK Venture announced a comprehensive strategic partnership with Web3Labs, aimed at further strengthening investment and incubation in the Web3 field, and jointly promoting technological innovation and commercial applications in the industry.Through this collaboration, both parties will focus on areas such as the Bitcoin network ecosystem, the intersection of artificial intelligence (AI) and Web3, blockchain gaming, Ethereum Layer 2 applications, and emerging blockchain technology stacks. They will leverage LK Venture's experience in crypto investment and research, along with Web3Labs' expertise in incubating and accelerating innovative projects, to jointly develop and support innovative Web3 projects, striving to provide a more comprehensive development platform for global Web3 entrepreneurs.Next, LK Venture and Web3Labs will successively disclose cooperation plans regarding investment and incubation in the Web3 field, empowering the development of more high-quality innovative projects.Wang Feng, Chairman of Blueport Interactive and Founder of LK Venture, stated that Blueport Interactive is accelerating its layout in Web3 technology and applications. LK Venture will fully utilize its professional investment research advantages in the Web3 field to provide more resource support for innovative projects. We hope that through this collaboration with Web3Labs, we can bring new vitality and innovative opportunities to the development of the Web3 industry.Web3Labs CEO Huang Junlang expressed that they are pleased to collaborate with an industry-leading institution like LK Venture, which will greatly enhance their support for Web3 entrepreneurial projects in Hong Kong and globally, providing richer and higher-quality resources for innovators, entrepreneurs, and investors.

ChainCatcher news, Blue Harbor Interactive Group Limited (HK.8267) recently announced that it has successfully signed a share subscription agreement, planning to invest 1.26 million USD to subscribe for 30.3% of the shares of EcoPowX, a company focused on innovative services in the Bitcoin network and AI computing power. The company primarily focuses on providing computing power solutions for artificial intelligence and the Bitcoin network through environmentally friendly gas power generation technology.It is reported that EcoPowX collaborates with major oil field and natural gas processing equipment suppliers in West Africa to promote the environmentally friendly treatment of flare gas in oil areas, which not only helps to promote the sustainable development of the cryptocurrency market and the foundational network of blockchain technology but also provides new solutions for the energy demands in the field of artificial intelligence.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, posted on the X platform stating that his investment is very bold and cautious, and it is not just blooming everywhere. He has sold all of the remaining 100,000 FIL in the company's account, converting it entirely into SATS. He hopes that SATS will become a new generation cryptocurrency symbol that empowers the entire Bitcoin network ecosystem.Wang Feng stated: "In fact, I believe even more in decentralized storage networks, and there must be more and better solutions and projects. But not funding schemes like Filecoin, which may not be able to wrap up. Our fund's farewell to FIL may be permanent, never to return. This asset in the future is left for Xiao Hei to contemplate."

ChainCatcher news, HashKey Group announced a strategic partnership with the Hong Kong-listed company Blueport Interactive. The two parties will engage in in-depth cooperation in areas such as Web3 infrastructure construction and artificial intelligence, jointly exploring innovative models and application scenarios for digital entertainment in the Web3 era. Blueport Interactive also announced that it will open an account on HashKey Exchange and purchase virtual assets.In terms of Web3 infrastructure construction, HashKey Group and Blueport Interactive will jointly support open-source blockchain projects. HashKey Group will leverage innovative technologies such as smart contracts and zero-knowledge proofs to provide technical support for the operation of blockchain infrastructure, promoting the integration of blockchain technology in the digital entertainment sector.

ChainCatcher news, Bitcoin financial layer solution ALEX Labs has received a strategic investment from LK Venture under Blue Harbor Interactive through the Bitcoin network ecological investment management fund BTC NEXT, with the investment amount undisclosed.ALEX Labs, established in 2021, is a DeFi protocol built for Bitcoin and BRC-20 tokens, focusing on the next generation of Bitcoin users, innovators, and the broader ecosystem.

ChainCatcher news, Hong Kong listed company Blueport Interactive (08267.HK) under the crypto investment and research institution LK Venture announced a strategic investment in the one-stop DeFi service platform ALEX Lab through the Bitcoin network ecological investment management fund BTC NEXT.According to the crypto data platform RootData, ALEX Labs is a Bitcoin DeFi platform based on the Stacks blockchain. It has now become a DeFi protocol built on Bitcoin and BRC-20 tokens, focusing on the next generation of Bitcoin users, innovators, and the broader ecosystem.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, stated in a social media post that the company is preparing to submit an application to the Hong Kong Stock Exchange for approval to purchase Bitcoin with a cap price of up to $60,000. In addition, he mentioned that he personally increased his position by $2 million in Bitcoin yesterday and predicts that Bitcoin may break through $50,000 by the end of the year or before the Spring Festival next year, with the potential to reach $100,000 in 2024.

ChainCatcher news, Hong Kong listed company Linekong Interactive will launch a seed fund for Bitcoin network ecological asset management, BTC NEXT, with a scale of $15 million. According to Wang Feng, the founder of Linekong Interactive and initiator of Element, this asset management fund will mainly participate in emerging crypto assets within the Bitcoin network ecosystem (including second layers like the Lightning Network), including but not limited to asset issuance protocols, trading markets, NFTs, and GameFi games.Linekong Interactive will further embrace Web3 and will highlight the brand empowerment of Hong Kong listed companies in the Web3 field, actively recommending the innovative value that can be realized based on the Bitcoin network ecosystem to the market. This year, Linekong Interactive has launched the LK Venture and NAGA one-stop Web3 gaming platform.

ChainCatcher news, Conflux announced a partnership with NAGA, a Web3 gaming platform under Hong Kong's Blueport Interactive Group, to jointly provide GameFi ecosystem solutions for game developers and players.