Founder of Blue Harbor Interactive, Wang Feng, claimed that he suggested the company purchase Bitcoin in 2019, but was threatened and sued by shareholders

According to previous reports from Zombie, Micro Strategy announced its "21/21 Plan" today, with the goal of raising $42 billion over the next three years, of which $21 billion will be raised through equity and the remaining $21 billion will be raised through fixed income securities. The plan aims to support further purchases of Bitcoin as part of its financial reserve strategy.

When he resigned as CEO of Blue Harbor Interactive in 2019, Blue Harbor Interactive and its affiliated companies had approximately 500 million RMB in cash. Therefore, he proposed to the board of directors to spend $20 million to buy Bitcoin, which was priced at less than $6000 at the time.

However, during the meeting, there was a very strong representative of the major shareholder of a group company in the Chinese market who strongly opposed it. Wang Feng stated that this person knows nothing about technology, business, and investment, and is unwilling to listen to his opinions and ideas.

Remember, I wrote a whole blackboard about why Bitcoin is good and why it can be bought now. But no one wants to hear it at all

And this shareholder representative even threatened to take legal action against him if he dared to make the finance execute the plan to purchase Bitcoin. In the end, Blue Harbor Interactive did not start executing the Bitcoin acquisition plan until the shareholder was transferred back to HRD by their group and Wang Feng returned to the company as CEO. However, at that time, the unit price of Bitcoin had already risen to $26000.

As of August 31st, Blue Harbor Interactive holds a total of 142.8539 Bitcoin and 848.386 Ethereum.