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Jack Ma-Linked Yunfeng Buys 10,000 ETH for $44M – Is This Hong Kong’s Big Ethereum Bet?

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Yunfeng Financial Group, a Hong Kong-listed monetary companies agency with shut ties to Alibaba founder Jack Ma, has bought 10,000 ETH value about $44 million, marking one of many largest Ethereum acquisitions by a publicly traded firm in Asia this 12 months.

The buy, disclosed in a voluntary submitting on Tuesday, was funded solely from Yunfeng’s inner money reserves. The firm mentioned the transfer displays its strategic enlargement into Web3, real-world belongings (RWAs), digital currencies, and synthetic intelligence.

ETH can be booked as an funding on Yunfeng’s steadiness sheet and can function a part of its reserve belongings.

Corporate Ethereum Reserves Climb to $19B as Yunfeng Enters the Market

The submitting emphasised that the acquisition is aligned with Yunfeng’s long-term technique.

The firm mentioned Ethereum’s inclusion in its treasury would help tokenization actions for RWAs, present infrastructure for Web3 innovation, and improve its capacity to combine monetary companies with rising know-how.

The group additionally hinted at exploring potential functions for ETH in its insurance coverage enterprise and broader fintech choices.

Yunfeng burdened that it could proceed to watch market developments and regulatory modifications earlier than increasing its holdings additional.

The board cautioned that cryptocurrency stays extremely unstable and warned shareholders to train care when buying and selling its inventory.

The Hong Kong Stock Exchange and the native securities regulator additionally distanced themselves from the contents of the submitting, noting that they take “no duty” for its accuracy or completeness.

The acquisition locations Yunfeng alongside a rising group of company and institutional entities treating ETH as a strategic reserve.

According to Strategic ETH Reserve (SER) data, structured entities now maintain 4.44 million ETH valued at round $19 billion, representing 3.67% of Ethereum’s complete provide.

The largest single holder is Bitmine Immersion Tech, which controls 1.8 million ETH value roughly $7.7 billion, accounting for greater than 40% of all SER reserves.

Other main entities embody SharpLink Gaming with 797,700 ETH ($3.4 billion), The Ether Machine with 345,400 ETH ($1.5 billion), and the Ethereum Foundation with 231,600 ETH ($1 billion).

Coinbase additionally maintains 136,800 ETH ($588 million), largely tied to buyer balances and staking operations.

Analysts warn that sustained redemptions may quickly weigh on costs, whilst long-term accumulation by companies like Yunfeng suggests rising confidence in Ethereum as an institutional-grade asset.

The focus of reserves additionally stays a key market issue. Bitmine and SharpLink collectively account for over 58% of all ETH held by SER entities, elevating questions on liquidity dangers if these main gamers regulate their positions.

Still, the rising function of regulated corporations, ETFs, and company treasuries exhibits Ethereum’s accelerating adoption amongst institutional buyers.

Yunfeng’s $44 million transfer could also be small in contrast with the billions held by world giants, however it carries symbolic weight in Hong Kong, a market positioning itself as a digital asset hub.

Japan’s Corporate Crypto Adoption Surges With Multi-Billion-Dollar Treasury Plans

While Hong Kong-linked funds are making headlines with Ethereum bets, Japan is quietly constructing one of many world’s most aggressive company crypto adoption waves.

A string of Tokyo-listed corporations has begun reshaping their steadiness sheets round Bitcoin and altcoins, displaying that Asia’s crypto race is not nearly retail merchants.

On August 31, Tokyo-based gaming agency Gumi announced plans to purchase ¥2.5 billion ($17 million) worth of XRP earlier than February 2026.

The transfer, authorized by its board, displays Gumi’s ties to SBI Holdings, Ripple’s closest Japanese accomplice and largest shareholder.

Gumi has additionally been actively shopping for Bitcoin, including a $6.5 million acquisition earlier this year, and has even launched a BTC lottery for new shareholders.

Executives described the XRP buy not as hypothesis however as a “strategic initiative” to increase into monetary companies.

Japan’s company push doesn’t finish there. Beauty chain Convano has unveiled one of the boldest treasury plans yet, looking for to boost ¥434 billion ($3 billion) to purchase 21,000 BTC, equal to 0.1% of Bitcoin’s provide. Its three-phase program targets 2,000 BTC by the tip of 2025.

Other listed companies are additionally scaling up their publicity. On August 25, five Japanese companies disclosed new allocations totaling 156.79 BTC.

The standout was Metaplanet, which added 103 BTC for $11.7 million, elevating its reserves to 18,991 BTC, value almost $2 billion.

The firm, now among the many world’s high seven company Bitcoin holders, lately secured a spot within the FTSE Japan Index, boosting investor confidence regardless of inventory volatility.

Meanwhile, Remixpoint Inc. purchased 41.5 BTC for $4.6 million, and ANAP Holdings grew its holdings to 1,017 BTC.

Smaller gamers like Agile Media Network and Def Consulting are additionally becoming a member of the pattern, whereas Lib Work, a 3D housing agency, has dedicated $3.3 million to Bitcoin as a hedge in opposition to inflation and a basis for world enlargement.

These strikes align with Tokyo’s coverage stance. Finance Minister Katsunobu Kato, talking at WebX2025, called crypto “a part of diversified investments” and pledged to construct an surroundings that helps adoption with out stifling innovation.

Japan is also preparing to roll out its first yen-denominated stablecoin this autumn, led by fintech agency JPYC.

The token will goal worldwide remittances and company settlements, probably tying collectively the nation’s rising company crypto methods.

The submit Jack Ma-Linked Yunfeng Buys 10,000 ETH for $44M – Is This Hong Kong’s Big Ethereum Bet? appeared first on Cryptonews.

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