Ethereum Treasury News: Jack Ma-Linked Yunfeng Financial (0376) Buys $44M of ETH

Jack Ma-backed Yunfeng Financial invests US$44 million in ether

The company is pushing into Web3, with plans to increase investments in digital currencies such as stablecoins.

Ethereum Treasury News: Jack Ma-Linked Yunfeng Financial (0376) Buys $44M of ETH

A large number of publicly traded firms have begun pursuing ether-based digital asset treasury strategies in recent months.

Jack Ma-Linked Yunfeng Financial Buys Ether While Expanding Into ‘Frontier Areas’

Yunfeng Financial Group, a Hong Kong-based provider of brokerage, asset management, insurance and FinTech services that is linked to Jack Ma, disclosed Tuesday (Sept. 2) that it invested $44 million to acquire 10,000 ether (ETH) as reserve assets. “The ETH are accounted for as investments in the financial statements of the Group,” the firm said in a Tuesday voluntary announcement. “The Group will continue to closely monitor market deve…

Yunfeng Financial Commits $44 Million to Ethereum as Part of Major Web3 and Tokenized Asset Strategy Expansion

Yunfeng Financial invests $44 million in ETH to support its shift toward Web3 and digital asset services. The firm plans to use Ethereum to tokenize real-world assets and build blockchain-based financial products. Yunfeng joins other public companies adding ETH to reserves as part of a growing move away from fiat systems. Yunfeng Financial has acquired 10,000 ETH, valued at $44 million, to support its digital transformation plans. The Hong Kong-…

Big News? Alibaba’s Jack Ma Steps Into Crypto as Yunfeng Acquires 10,000 ETH - Coin Surges

The post Big News? Alibaba’s Jack Ma Steps Into Crypto as Yunfeng Acquires 10,000 ETH appeared first on Coinpedia Fintech News Yunfeng Financial Group Limited, a Hong Kong-listed company co-founded by Alibaba’s Jack Ma, has confirmed its Ethereum acquisition. The purchase of 10,000 ETH, valued at least $44 million, is a part of the company’s broader strategy to expand its Web3 technology.  Yunfeng To Diversify Assets With $44 Million in ETH  The…

Ethereum Buys Surge As Jack Ma-Linked Yunfeng Financial Invests $44 Million

Ethereum (ETH) adoption shows no signs of slowing down, as the second-largest cryptocurrency by market cap continues to attract firms looking to diversify their corporate treasury strategies. Yunfeng Financial Buys $44 Million In Ethereum According to an announcement earlier today, Hong Kong-listed Yunfeng Financial Group is the latest entity to invest in Ethereum. The firm […]