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3h ago

Jack Ma-Linked Yunfeng Financial Adds $44 Million in Ether to Corporate Reserves

The Hong Kong company used internal cash, staying under the 5% notifiable threshold in local listing rules.

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Jack ma linked yunfeng financial to build ether treasury starting with $44m eth purchase

Overview

  • Yunfeng Financial bought 10,000 ETH on Sept. 2 and will book the tokens as investment assets within its strategic reserves.
  • The board-approved purchase aligns with a July pivot toward Web3, real‑world asset tokenization, digital currency and AI initiatives.
  • The firm says Ethereum will support product development, including exploring applications in its insurance business.
  • Shares of Yunfeng Financial closed up about 9.55% on the day of the disclosure, reflecting immediate market reaction.
  • The move places Yunfeng among public companies building ETH treasuries, with industry data showing structured entities hold about 4.44 million ETH.