$1 Billion in BTC Rumored to Have Been Purchased By NetEase CEO

[kreslik.news]

According to Chinese news source Sina, someone operating under the name ‘Yi Mei’ purchased 96,000 BTC (valued at just over $1 billion) from an unnamed exchange.

Screenshotsof conversations by alleged close friends of William Ding, the billionaire CEO of NetEase, led to widespread rumors that Ding may have been the man masquerading as Yi Mei.

The rumors became so serious that Ding eventually had to publicly address them, saying that he has never owned Bitcoin and that he has ‘great concerns’ about the future of Bitcoin’s blockchain network.

Despite Ding’s seemingly bearish attitude toward Bitcoin, NetEase seems bullish ... (read more)