Jack Ma-backed Yunfeng Financial dives into Ethereum for corporate treasury transformation

Yunfeng Financial Group, the Hong Kong-listed financial services firm tied to Jack Ma, has purchased 10,000 Ethereum (ETH) worth about $44 million to begin building an ETH treasury, filings published on Sept. 2 revealed. The acquisition marked Yunfeng’s entry into the growing trend of public companies adopting crypto treasury strategies, a playbook popularized by Strategy The post Jack Ma-backed Yunfeng Financial dives into Ethereum for corporate treasury transformation appeared first on CryptoSlate.