Building a Bitcoin Position

The supplementary pledge agreement in Singapore moved forward at a faster-than-expected pace under Zhang Qingxue's efficient and professional handling.

On Wednesday, the injection of Su Wantang's 5% clean equity stake quickly secured the financiers' agreement to an extension and more flexible terms.

Within days, the alerts on Zhao Chen's pledged account were lifted, and the full liquidity of that massive 470 million Hong Kong dollars was released.

Sanjiang Shopping's price had already neared fifty, and Zhao Chen regarded it as a defensive asset.

His offensive capital, meanwhile, was locked onto those 470 million Hong Kong dollars—roughly 60 million US dollars.

Only Zhao Chen, Zhang Qingxue, and Chen Xi were in the office.

The curtains were half-drawn, and the afternoon light cast crisp grids across the floor.

"Have you decided?"

Zhang Qingxue looked at the brief strategy memo in her hand. It contained only a few keywords:

Bitcoin, staggered position building, five times leverage, strict confidentiality.

"I have."

Zhao Chen stood before the window with his back to her. His voice was calm and steady, yet carried the resolve of someone burning his bridges. "This is both a timing window and a price window. Once this month passes, it will be nearly impossible to build a position of this scale at this cost again."

They had vaguely mentioned this plan before, when discussing the future allocation of their capital.

Zhang Qingxue understood Bitcoin and had studied its somewhat wild volatility and immense potential, but Zhao Chen's boldness still made her heart race.

This was not diversified investment, nor was it gradual position building. He was betting all of his offensive capital on a digital asset that most traditional finance professionals still viewed as a "geek toy" or a "speculative bubble"—and he was adding five times leverage on top of it.

"Five times leverage means that if the price moves more than 20% in the opposite direction, we could face forced liquidation."

Zhang Qingxue calmly pointed out the risks. It was her responsibility. "You know Bitcoin's volatility. A 30% rise or fall within a single day isn't impossible.

"With 60 million US dollars in principal, five times leverage means a 300 million US dollar position. Any major pullback could be fatal."

"I know." Zhao Chen turned around, his gaze blazing. "That's why I'm choosing now. The 780 to 820 US dollar range is the final consolidation before the breakout.

"I believe that before the end of the month, it will definitely stabilize and break upward. I have absolute confidence."

His confidence did not come from blind gambling, but from the precise memories of history's course etched deep within the soul of someone reborn.

From late 2016 into 2017, Bitcoin would launch one of the most frenzied bull markets in Human Financial History, soaring from a few hundred US dollars all the way to nearly twenty thousand.

At this moment, before the eye of the storm arrived, this was the last—and best—time to board.

"What about the exchanges and custody arrangements?" Zhang Qingxue no longer questioned his determination and instead moved on to the most critical practical matter.

For such a massive crypto asset investment, security, secrecy, and compliance were the foremost concerns.

"We'll operate through the offshore fund we established in the Cayman Islands." Zhao Chen had clearly thought it through. "Aunt Zhang, you'll handle the overall legal structure, compliance review, and final isolation of the Fund Path. Make sure these assets remain completely independent, secure, and impossible to trace back to us personally or to Henglong."

"Assistant Chen, you'll handle execution."

He looked at Chen Xi.

"Bitcoin's current global average daily Trading Volume is around 50 to 100 million US dollars. Our position-building scale isn't small, so we must spread it out."

He walked to the Whiteboard and quickly wrote down several key points:

"First, staggered positions.

"The funds will be distributed through multiple Offshore Entities, which will ultimately open accounts at four to five major compliant exchanges, using Institutional Custody and a Multi-Signature Scheme.

"Second, gradual entry.

"The position-building period will be five trading days—from today, December 14, until before the market closes next Tuesday, December 20.

"Daily position building must be kept below 3% of the market's average daily Trading Volume to avoid drawing attention.

"Third, leverage.

"Once the position reaches 80%, gradually add five times leverage through the exchanges' Compliant Lending Tools. The leverage operations must likewise be dispersed.

"Fourth, silence.

"This is top secret. Externally, including to Wantang, they only need to know that a long-term Strategic Investment is underway. Do not disclose the specific asset, scale, or leverage."

Chen Xi swiftly took notes, a calm and focused gleam flashing in his eyes.

He had fully entered the role of "executor." He did not ask why; he only considered how to do it.

"Understood. I'll prepare a detailed daily Position Building Plan Table, including the Price Range, Quantity Allocation, and Exchange Switching Strategy."

Zhang Qingxue slowly nodded, her expression solemn.

"Leave the legal and compliance aspects to me. The Fund Path will be processed through multiple layers of complexity, and the assets will ultimately be locked within an impenetrable Offshore Trust Structure."

The risks would be borne by him alone.

And the vision would be guarded by him alone.

This was the solitude and high-stakes gamble that belonged to a reborn person alone.

The operation unfolded under absolute secrecy and with maximum efficiency.

Over the next five trading days, Chen Xi displayed astonishing precision in execution.

Every day, she dynamically adjusted her Order Instructions based on real-time Market Depth and Trading Volume, breaking the massive capital into countless small and medium-sized orders and patiently accumulating within the target range of 780 to 820 US Dollars.

Like streams flowing into the sea, the funds passed through a tangled web of Offshore Pipelines, silently pouring into the addresses hidden behind the code.