Wang Feng: In 2019, he suggested that Blue Harbor Interactive invest in Bitcoin, but was threatened and sued by shareholders

BlockBeats News: On October 31st, Wang Feng, founder of Blue Harbor Interactive, posted today recalling the news that MicroStrategy plans to raise $42 billion in funds over the next three years. He recalled a regrettable past. In 2019, he proposed that the company invest $20 million to purchase Bitcoin (at a price of less than $6000 per coin), but was strongly opposed by board members and a representative of a major shareholder, who threatened to sue. It was not until early 2023 when Wang Feng resumed his position as CEO that the company began implementing its Bitcoin investment plan, but at that time, the price of Bitcoin had already risen to $26000 per coin. MicroStrategy only started purchasing Bitcoin on a large scale in 2020, and if Blue Harbor Interactive can execute its investment plan in 2019, it may gain considerable returns. According to Wang Feng, his listed company and affiliated companies had nearly 500 million yuan in cash in 2019.