TechFlow, September 5 — According to Caixin Network, Yunfeng Financial has previously acquired a total of 10,000 ETH in the public market. Yunfeng Financial stated that the purchased ETH will be classified as investment assets on its financial statements and that it plans to continuously increase its allocation to digital assets. In addition to Ethereum, the company intends to explore adding diversified mainstream digital assets such as BTC and SOL into its strategic reserve portfolio.
Yunfeng Fund was co-founded in 2010 by Jack Ma, founder of Alibaba, and Yu Feng, chairman of the board of Yunfeng Financial Group. Public data shows that Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial Group through Yunfeng Fund.
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