According to Odaily, Hong Kong-listed company Yuxing Technology Investment Holdings Limited has sold 1,220 ETH on the open market between August 4, 2024, and June 23, 2025. The average selling price was $2,814 per ETH, resulting in a total of $3.4 million (approximately HKD 26.8 million, excluding transaction costs).
Yuxing Technology disclosed that between August 4, 2024, and January 17, 2025, it converted 785 ETH into 2.4 million USDT. The remaining 435 ETH were sold on June 23, 2025, generating $1 million in cash (equivalent to HKD 7.6 million). The net proceeds from the ETH sales will be used for the company's general operating funds.
