Yunfeng Financial, on the Hong Kong list, added 10,000 ETH to its reservations, aligning with a growing group of public companies that treat Ethereum as an asset of the Treasury instead of only one market trade.
Summary
- Yunfeng Financial added 10,000 ETH ($ 44 million) to its reservations, marking a change towards Ethereum as a treasure asset.
- The purchase follows the company’s strategy to expand to web3, actives of the real world and tokenized finance.
According to a advertisement On September 2, the Yunfeng Financial Group Limited Board approved the allocation of $ 44 million of its internal cash reserves to acquire Ethereum (Eth) In the open market.
The purchase, already executed, is a direct monitoring in the July promise of the company to expand to border technologies such as web3 and the tokenization of real world assets. In particular, the company said that ETH will be counted as investments in its general balance, ciming its status as a formal strategic reserve asset aimed at reducing the “dependence on traditional currencies” of the group.
Why Yunfeng is betting on Ethereum
Yunfeng declared that Holding ETH is essential to facilitate technological innovation in the web3 and achieve an “organic integration of finance with technology” for its customers. This language positions Ethereum not as a passive investment, but as an essential part of the construction of next generation financial products.
Perhaps the most prospective aspect of Yunfeng’s strategy lies in his plans for his central insurance business. The announcement confirms that the company “will explore possible ETH applicable models in the group’s insurance business.” This suggests a movement beyond the simple diversification of treasure in real utility in the Ethereum Network.
With this movement, Yunfeng enters a specific and rapid growth class of public companies that are treating Ethereum as a primary treasure asset. This group is different from the anterior wave of corporate adopters only from Bitcoin, indicating a specific belief in the usefulness and value proposal of Ethereum.
Yunfeng’s 10,000 ETH participation, although significant, places it in the Junior League compared to the true market giants. According to the industry dataThe firm joins the ranks with companies such as the Ether machine, which is accumulating a treasure that now exceeds 345,000 ETH before a planned public list.
The current Titans of the accumulation of corporate ETH are the immersion technologies of Bitmine, led by Tom Lee de Fundstrat, which has a colossal 1.87 million ETH, and Sharplink Gaming. Sharplink has been in an aggressive acquisition spree, more recently adding 39,008 ETH to take their total holdings to 837,230 tokens, a stash valued at approximately $ 3.6 billion.
