Wang Feng: Blueport Interactive strategically holds Bitcoin and will disclose the progress of linear reduction at the appropriate time

On November 13, Wang Feng, the founder of Blueport Interactive, responded to questions about "Why did Blueport Interactive buy Bitcoin and what will be the next step" at X as follows: "1. Our holding of Bitcoin is strategic. We are optimistic about Bitcoin network applications, decentralized finance and empowering real assets and crypto assets for Web3 applications. 2. I am a fervent believer in encryption technology and have launched Marsbit, Consensus Lab (LK Venture), Mars Cloud Mine and Element over the past five years. After resuming my position as CEO last year in Q1, I vigorously promoted the integration attempt of Blueport Interactive with Web3 business. 3. I'm glad that today Bitcoin has reached a new level close to $90,000; our first purchase price was $26,000 followed by subsequent purchases. The earliest time when I pushed for Blueport Interactive to buy bitcoin was when it was just over $4,000 but it was difficult for our board to execute at that time.
4.We will inevitably disclose linear reduction progress at an appropriate time.Crypto assets are like stocks,the market norm is fluctuation.Once we reduce holdings,it's tactical.To quote a great man,"There's a kind of victory called retreat".If we reduce holdings today,it must be for increasing them tomorrow.
5.We remain long-term bullish on bitcoin,and are very optimistic about its potential significant growth within this year or Q1 next year."