Former richest man Jack Ma also joined the fun, having indirectly purchased #ETH

, holding approximately 11.15% of Yunfeng Financial

On September 2, according to public data, Alibaba founder Jack Ma indirectly holds about 11.15% of Yunfeng Financial through Yunfeng Fund, with a 29.85% stake in Yunfeng Financial Holdings Limited and a 40% stake in Shanghai Yunfeng Innovation (without voting rights).

Today, the Hong Kong listed company Yunfeng Financial (00376.HK) announced that the company's board has approved the purchase of ETH in the open market as reserve assets. As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of 44 million USD. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements. #马云购买eth