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Ethereum in a nosedive: $1 billion treasury in sight for Asia!
Ethereum (ETH) fell 2% as Asian investors launch a $1 billion ETH treasury. Details will follow soon.
Ethereum in a nosedive: $1 billion treasury in sight for Asia!
On October 18, 2025, Ethereum (ETH) price fell 2% on Friday, despite positive news about an impending collaboration by major crypto investors in Asia to create a $1 billion ETH treasury. This initiative is being driven by Li Lin, founder of crypto exchange Huobi and chairman of investment firm Avenir Capital. Lin is working with a group of well-known investors.
Backers include Xiao Feng, CEO and Chairman of HashKey Group, Shen Bo, co-founder of Fenbushi Capital, and Cai Wensheng, founder of Meitu Inc. The initiative has already raised approximately $1 billion in investments. This includes $500 million from institutional investors such as HongShan Capital Group and $200 million from Avenir Capital. An official announcement regarding the creation of the treasury is expected in the next two to three weeks. However, discussions are still ongoing and details could change in the meantime.
Current market developments and challenges
This new initiative fits seamlessly into the existing list of digital asset treasuries seeking to acquire ETH as a reserve asset. Currently, Ethereum treasury companies hold a total of 3.6 million ETH. The data shows that BitMine Immersion is at the top with 1.7 million ETH, followed by SharpLink Gaming, which has 797,000 ETH worth about $3 billion.
However, experts are warning of a potential bubble in the digital asset treasury space as many of these companies are currently trading below their net asset value. In the last 24 hours, the Ethereum market witnessed futures liquidations totaling $215.9 million, with $146.1 million affected in long positions.
Additionally, the ETH price briefly fell below the critical support at $3,815 but was able to recover quickly. Still, a failure to hold support at $3,800 risks pushing ETH towards support just below $3,500. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are below their neutral levels, indicating a prevailing bearish trend.