Yunfeng Financial Group, the Hong Kong-listed firm backed by Jack Ma, has officially entered the Ethereum market. The company confirmed the purchase of 10,000 ETH, worth around $44 million at current prices, according to CoinMarketCap. The buy was fully funded with cash reserves. No loans. No leverage. Management calls it a “strategic allocation” as Yunfeng expands into Web3, digital assets, and artificial intelligence. Ethereum, they say, will serve as a reserve asset for the group. Ethereum Becomes a Core Holding Yunfeng confirmed in its announcement that Ethereum will now be reported as part of its investment portfolio in official filings.
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