Ethereum News Today: Yunfeng Vaults into Web3 Era with $44M ETH Treasury Move

Yunfeng Financial Group, a Hong Kong-listed financial technology firm with ties to Alibaba founder Jack Ma, has acquired 10,000 ETH at a total cost of $44 million, marking one of the largest Ethereum purchases by a publicly traded company in Asia this year. The acquisition, disclosed in a voluntary announcement, was funded entirely from the company’s internal cash reserves. Yunfeng stated that the ETH would be classified as an investment asset on its balance sheet and serve as part of its reserve assets to support its strategic expansion into Web3, real-world assets (RWA), digital currencies, and artificial intelligence [1].

Yunfeng highlighted that Ethereum’s inclusion in its treasury would provide key infrastructure support for RWA tokenization and broader integration with Web3 technologies. The company also indicated plans to explore potential applications of ETH in its insurance operations and other decentralized finance (DeFi) use cases, aligning with its long-term strategy to diversify its asset base and reduce reliance on traditional fiat currencies [1]. Yunfeng’s board emphasized that the move is consistent with its efforts to expand into frontier areas such as Web3 and to strengthen its technological capabilities.

Corporate Ethereum reserves have grown to $19 billion, with Yunfeng now joining a growing list of institutional and corporate entities treating ETH as a strategic asset. Strategic ETH Reserve (SER) data indicates that structured entities now hold 4.44 million ETH, representing 3.67% of Ethereum’s total supply. Bitmine Immersion Tech remains the largest single holder, with 1.8 million ETH valued at around $7.7 billion. Other notable holders include SharpLink Gaming and The Ether Machine, both of which have accumulated large ETH reserves to support their treasury and investment strategies [1].

The broader Ethereum ecosystem has seen significant institutional adoption and price appreciation in recent months, driven by ETF inflows, protocol upgrades, and increased demand for staking and DeFi applications. Ethereum’s price has remained above $4,300 for the past 24 hours, supported by rising institutional interest and network improvements such as the upcoming Fusaka hard fork. The Fusaka upgrade aims to enhance scalability and transaction efficiency for rollups, potentially increasing the use of decentralized applications and layer-2 solutions. This upgrade, along with Ethereum’s ongoing network improvements, is expected to strengthen its position as a leading blockchain platform [2].

Yunfeng’s decision to allocate ETH as a strategic reserve is part of a broader trend among institutional investors and publicly traded companies. Yunfeng joins firms such as ETHZilla, which recently announced plans to deploy $100 million in ETH to EtherFi for restaking initiatives. ETHZilla, which holds 102,246 ETH valued at approximately $456 million, sees liquid restaking as a way to generate higher yields while supporting Ethereum’s security. This trend reflects growing confidence in Ethereum as an institutional-grade asset, with companies exploring ways to optimize their treasury holdings through DeFi and yield-generating protocols [3].

While institutional adoption is increasing, Ethereum’s price remains subject to market volatility and macroeconomic factors. Technical indicators suggest that ETH is holding near critical support and resistance levels, with near-term resistance at $4,665 and long-term forecasts ranging up to $12,000 by 2030. Analysts note that sustained ETF inflows, reduced exchange liquidity, and ongoing protocol upgrades could continue to drive Ethereum’s price higher. However, regulatory uncertainty and macroeconomic headwinds remain key risks that could impact the cryptocurrency’s trajectory in the near term [2].

Source: [1] Yunfeng Financial 10000 ETH Web3 Expansion (https://cointelegraph.com/news/yunfeng-financial-10000-eth-web3-expansion) [2] Ethereum Holds Above $4300 Fueled by Institutional Inflows (https://www.fxleaders.com/news/2025/09/02/ethereum-holds-above-4300-fueled-by-institutional-inflows-and-upgrades/) [3] ETHZilla Plans to Deploy $100 Million in ETH to EtherFi for Restaking Initiatives (https://www.prnewswire.com/news-releases/ethzilla-plans-to-deploy-100-million-in-eth-to-etherfi-for-restaking-initiatives-302543423.html)