Ethereum News Today: Jack Ma-Linked Firm Allocates $44M to Ethereum Treasury as Web3 Push Begins

Yunfeng Financial Group, a Hong Kong-listed financial services firm with close ties to Alibaba founder Jack Ma, has acquired 10,000 ETH for approximately $44 million, marking one of the largest Ethereum acquisitions by a publicly traded company in Asia this year [1]. The purchase was funded entirely from internal cash reserves and is intended to support the company’s strategic expansion into Web3, real-world assets (RWAs), digital currencies, and artificial intelligence. The company disclosed the acquisition in a voluntary filing and emphasized its long-term vision to integrate Ethereum into its balance sheet as an investment asset [2].

The move aligns Yunfeng with a growing number of corporate and institutional entities treating Ethereum as a strategic reserve asset. According to data from Strategic ETH Reserve (SER), structured entities now hold 4.44 million ETH, valued at around $19 billion, representing 3.67% of Ethereum’s total supply [1]. Bitmine Immersion Technologies is the largest single holder, with 1.8 million ETH valued at approximately $7.7 billion. Yunfeng’s acquisition adds to this trend, signaling increasing institutional confidence in Ethereum as a long-term store of value and a medium for innovation in decentralized technologies.

Yunfeng Financial Group stated that the inclusion of ETH in its treasury would support tokenization activities for RWAs, provide infrastructure for Web3 innovation, and enhance its ability to integrate financial services with emerging technologies [2]. The firm noted that Ethereum's potential applications in insurance operations and decentralized finance (DeFi) could unlock new business scenarios. The purchase also aims to reduce the company’s reliance on traditional fiat currencies and diversify its asset base [3].

Despite the firm’s strategic rationale, the company’s board has emphasized that cryptocurrency remains highly volatile and advised shareholders to exercise caution when trading its stock. The Hong Kong Stock Exchange and the local securities regulator have also distanced themselves from the contents of the filing, stating that they take no responsibility for its accuracy or completeness [1]. Yunfeng noted it will continue to monitor market and regulatory developments before deciding whether to expand its ETH holdings further.

Corporate Ethereum holdings are increasingly concentrated among a few major players. Bitmine and SharpLink Gaming together account for over 58% of all structured Ethereum reserves, raising concerns about potential liquidity risks if these entities adjust their positions [1]. Analysts observe that while the accumulation of Ethereum by institutions reflects growing confidence in the asset, it also introduces concentration risks that could temporarily affect prices amid sustained redemptions or market volatility. Yunfeng’s move, however, underscores a broader shift in corporate treasury management, particularly in Asia, where regulated entities are increasingly treating cryptocurrencies as part of diversified investment strategies.

The acquisition highlights Hong Kong’s emergence as a key digital asset hub, supported by a regulatory environment that encourages innovation while ensuring compliance and investor protection. The Hong Kong Monetary Authority’s stablecoin licensing framework, introduced in August 2025, is a key component of this strategy [2]. Yunfeng’s investment in Ethereum reflects the city's broader ambition to attract institutional interest in digital assets and position itself as a competitive player in the global crypto market.

Source: [1] Jack Ma-Linked Yunfeng Financial to Build Ether Treasury Starting with USD44M Eth Purchase (https://www.coindesk.com/business/2025/09/02/jack-ma-linked-yunfeng-financial-to-build-ether-treasury-starting-with-usd44m-eth-purchase) [2] Jack Ma-linked Yunfeng Financial Acquires $44M of ETH ... (https://cointelegraph.com/news/yunfeng-financial-10000-eth-web3-expansion) [3] Jack Ma-Linked Yunfeng Buys 10000 ETH for $44M (https://finance.yahoo.com/news/jack-ma-linked-yunfeng-buys-172820741.html)