Jack Ma is here to buy $ETH !
According to Jinshi Data, Yunfeng Financial is preparing to buy ETH as a reserve asset. 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.
As a major shareholder of Yunfeng Financial, Teacher Ma is indirectly holding it now!
With the increasing popularity of web3, traditional Internet tycoons are starting to enter the scene. ETH, as the most active public chain on the chain currently, is also the leader among Layer 1 ecosystems, whether in DeFi or the current RWA, on-chain national debt projects are all led by ETH. #以太坊 is now equivalent to Apple's system in the web2 era, possessing a large number of high-quality user ecosystems. With continuous development in the future, more and more companies will regard ETH as the best choice for reserves!
Of course, risks still exist at this moment. First of all, recently, Ethereum has had 1.07 million ETH unstaked, with a queue for entry of 832,000 ETH, and the number of unstaked ETH is higher than the entry queue by 238,000 ETH!
This is also the main reason why the ancient whale $BTC BTC jumped to $ETH without rising!
