Jack Ma-linked company acquires 10,000 ETH valued at $44 million

Jack Ma-linked Yunfeng Financial, an investment firm in Hong Kong connected to Jack Ma, bought 10,000 ETH worth $44 million to support its plan to hold cryptocurrency as part of its financial ￰0￱ money for this purchase came from the company’s own cash ￰1￱ a voluntary statement to the Hong Kong Stock Exchange, the company revealed that the purchase marks its continuation of treasury strategies disclosed in July, when the board showed interest in Web3 technologies, RWA tokenization, digital currencies, ESG net-zero assets, and ￰2￱ board has reiterated that the acquisition of ETH supports the company’s long-term goal of integrating finance and ￰3￱ demand rises as ETHZilla and Yunfeng advance their holdings Yunfeng Financial mentioned that adding ETH to its reserves might help explore applications with new financial services like ￰4￱ firm aims to spread its financial investments to reduce dependence on traditional ￰5￱ Financial bought the 10,000 ETH through the open market for $44 million, including transaction ￰6￱ Ma’s Yunfeng Financial bought $44,000,000 $ETH for their strategic ￰7￱ = new gold. — Ted (@TedPillows) September 2, 2025 The Hong Kong-listed firm will continue to monitor market trends and the regulatory framework surrounding digital assets to assess whether to increase its reserve, according to the ￰8￱ board also highlighted several risks relating to the cryptocurrency ecosystem, citing high volatility driven by macroeconomics and regulatory ￰9￱ Jack Ma-linked firm noted that integrating ETH into its financial framework may improve client experience by enhancing financial autonomy and ￰10￱ purchase announcement follows larger institutions’ commitments to the Ethereum treasury ￰11￱ corporation, a U.

S.-based listed firm, has also announced plans to deploy $100 million in ETH into EtherFi, a liquid stacking protocol. ETHZilla’s current holdings stand at 102,246 ETH, which is valued at $456 ￰12￱ firm revealed that the partnership with EtherFi will deliver higher yields than standard stacking ￰13￱ gains institutional confidence following strategic treasury allocations McAndrew Rudisill, ETHZilla’s executive chairman, described the initiative to deploy $100 million on EtherFi as a strategic evolution in treasury ￰14￱ Silagadze, company CEO, reiterated the growing institutional confidence in treasury strategies ￰15￱ aims to simplify its financial structure with the recent cancellation of 1.3 million shares held by Elray Resources for $1 ￰16￱ company confirmed via a press release that potential DeFi integrations should be expected as part of its long-term goal.

Yunfeng’s purchase of 10,000 ETH and ETHZilla’s plan to deploy $100 million on EtherFi reflect how institutional demand for ETH is rising as reserve assets and as a foundation for new financial ￰17￱ Yunfeng model involves acquiring ETH as part of a wider plan involving Web3, tokenization, ESG, and AI ￰18￱ ETHZilla model, on the other hand, represents its deepening engagement with the DeFi ecosystem to increase its treasury ￰19￱ recently reported on Ether Machine, which also increased its holdings to 495,400 ETH ￰20￱ company increased its holdings through an individual contribution by Jeffery Barnes, a long-term believer in the Ethereum network. 150,000 ETH was added to Ether Machine’s holdings, driving its value to approximately $2.16 billion plus $367.1 million in liquid ￰21￱ string of large-scale institutions allocating ETH into their financial strategies shows how Ethereum’s stacking yield strategy, DeFi finance applications, and role in tokenization may position the infrastructure as a leader in the upcoming phases of the financial ￰22￱ demand for Ethereum has surged, driving ETH ETFs’ exposure to over 11.1 million ETH worth $43.5 billion.

Conversely, Bitcoin remains on top with a larger market share and a market cap of ￰23￱ BTC token is trading at $110,663.61, with a 1.51% gain ￰24￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites