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

Odaily News Wang Feng, founder of Linekong Interactive, responded to the question "Why did Linekong Interactive buy Bitcoin and what to do next" as follows: "1. We hold Bitcoin strategically. We are optimistic about Bitcoin network applications, decentralized finance, and crypto assets that empower real assets and Web3 applications. 2. I am an avid believer in encryption technology. In the past five years, I have launched Marsbit, Consensus Lab (LK Venture), Mars Cloud Mining and Element. After taking over the CEO position in the first quarter of last year, I vigorously promoted the integration of Linekong Interactive and Web3 business. 3. I am very happy that Bitcoin has reached a new level of nearly $90,000 today. Our first purchase price was $26,000, and we have purchased it successively since then. I first pushed Linekong Interactive to buy Bitcoin at more than $4,000, but it was difficult for our board of directors to execute it at that time. 4. We will inevitably disclose the progress of linear reduction at the right time. Crypto assets are like stocks. The normal market is volatile. Once the reduction is tactical, to use the words of a great man, there is a kind of victory called retreat. If you reduce your position today, it must be for tomorrow's increase. 5. We are optimistic about Bitcoin in the long term. We are very optimistic that it will grow significantly this year or in the first quarter of next year.”