On September 2, COINOTAG reported that Hong Kong-listed Yunfeng Financial (00376.HK) disclosed Board approval to acquire ETH as a reserve asset. The Group has cumulatively purchased 10,000 ETH in the open market at a total investment cost of $44 million (inclusive of fees and expenses), funded from internal cash reserves. The acquired Ethereum holdings are classified as an investment asset in the Group’s financial statements. Public data indicate Alibaba founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial via Yunfeng Fund, comprising 29.85% in Yunfeng Financial Holdings Limited and 40% in Shanghai Yunfeng Startup (without voting rights).
The disclosed transaction reflects a deliberate treasury allocation to Ethereum exposure executed through market purchases and reported under existing corporate disclosure frameworks. Market participants and analysts should record the specified volume and funding source for risk assessment and balance-sheet analysis when monitoring Yunfeng Financial and crypto reserve trends.