Yunfeng Financial Group (0376) He joined the ranks of the companies that are quoted in the stock market to adopt a ether treasury strategy, buying 10,000 ETH for $ 44 million.
Yunfeng Financial, based in Hong Kong, a provider of financial services such as insurance, brokerage and asset management, is owned by the private capital firm based in Shanghai Yunfeng Capital, co -founded in 2010 by Jack Ma, who also co -founded Ant Group and Alibaba.
The ETH purchase, announced on Tuesday, is part of Yunfeng’s expansion on web3, real world assets (RWAS)Digital currency and artificial intelligence (AI)which he presented in July. Yunfeng Financial said Ether will reduce its dependence on traditional currencies and help facilitate its technological plans on web3.
Several audiences, including companies, the Sharplink Gaming sports betting company (Sbet) and Crypto Mining and Data Center Operator Bitmine Immersion Technologies (BMNR) They have begun to look for ether treasury strategies in recent months, buying large amounts of the second largest cryptocurrency in the world to emulate the play book that Michael Saylor’s strategy (Mstr) Famous made with Bitcoin .
The shares that quote in Hong Kong of Yunfeng Financial closed 9.55% higher than 3.67 dollars from Hong Kong (47 cents of USA.) Tuesday.
