Yunfeng Financial Group, a company listed on the Hong Kong list and has relationships with the founder of Alibaba Jack MA, has 10,000 ETH (about 44 million dollars) in a transfer to deepen WEB3 expansion.
Purchase, Detected In a voluntary announcement on Tuesday, it was funded by internal cash reserves. This step follows a recent advertisement from Yunfeng that determines it Pay to Web3and Real world origins (RWA)And digital currency and artificial intelligence.
According to the company, the ether (Eth) It was chosen as a backup asset to support the RWA code, technological innovation and the broader integration with Web3 infrastructure.
The company said: “The Board of Directors believes that the inclusion of ETH as the company’s strategic reserves are compatible with the group’s planning to expand in the border areas, including Web3, and provides major support for infrastructure for the distinguished code activities of global assets (RWA).”
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Yunfeng to classify ETH as an investment asset
ETH will be reflected as an investment in the Yunfeng’s public budget. “ETH is calculated as investments in the group’s financial statements,” according to the announcement.
The company also noticed that Eth Holdings will help diversify its asset base and reduce dependence on traditional Fiat currencies. Yunfeng also plans to explore the possible ETHEREUM app in insurance processes and new business scenarios designed for decentralized financing.
Yunfing Financial is a financial technology set in Hong Kong that provides investment and financing services, including brokerage, asset management, insurance and financial technology. Jack what is a major colleague at Yunfeng Financial.
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Ether machine raises $ 654 million in ETH
Tuesday, the ether machine It revealed that she raised $ 654 million In private financing, he got 150,000 ETHEUM lawyers for a long time, who will join the company’s board of directors.
This increase supports a strategy to build a large ETH wardrobe before the NASDAC planned later this year. ETHER now has more than 345,000 ETH and is on the right track of the public with more than 495,000 ETH.
Deta -photo techniques, led by Tom Lee from Fundstrat, Add More than 150,000 ETH for its treasury, up to its total possession of approximately 1.87 million ETH, at a value of about $ 8.1 billion.
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