According to ChainCatcher, Yunfeng Financial—co-founded by Alibaba’s Jack Ma and Yu Feng—has purchased 10,000 ETH on the open market. 👀
The firm announced that this ETH acquisition will be recorded as investment assets in its financial statements. More importantly, Yunfeng signaled its intent to deepen its presence in the digital asset space, with plans to explore strategic reserves in other major cryptocurrencies like Bitcoin (BTC) and Solana (SOL).
🔍 Founded in 2010, Yunfeng Fund is now positioning itself as a serious player in the Web3 and digital asset ecosystem.
Is this the beginning of a larger trend of traditional finance entering crypto?
