Yunfeng Financial joins star-news.press/wp

The Yunfeng Financial -listed in Hong Kong 10,000 ETH added to its reserves, in line with an increasing group of public companies that deal with ETHEREUM as the origin of a treasury instead of just a market trade.

According to advertisement On September 2, the Group Financial Group Limited Board of Directors agreed to allocate $ 44 million from its internal cash reserves to obtain ETHEREUM (ETH) in the open market.

The purchase, which was already implemented, is a direct follow -up to the company’s pledge in July to expand border technologies such as Web3 and tokeenization assets in the real world. It is worth noting that the company said that ETH will be calculated as investments in its public budget, which enhances its status as an official strategic reserve asset aimed at reducing “relying on currencies on traditional currencies”.

Why is Yunfing bet on ethereum

Yunfeng stated that Holding Eth is essential to facilitate technological innovation in the WEB3 field and achieve “organic integration of financing with technology” for its customers. This Ethereum language puts a negative investment, but as a basic part of building financial products from the next generation.

Perhaps the most outlawy aspect of Yunfeng’s strategy is in its plans for basic insurance work. The announcement confirms that the company “will explore the possible models applied to ETH in the group insurance.” This indicates that a step that goes beyond diversifying the simple cabinet to an actual benefit on the ethereum network.

With this step, Yunfeng enters a specific and growing category quickly from public companies that treat ethereum as a primary treasury asset. This group differs from the previous wave of adoption of companies only Bitcoin, indicating a specific belief in the interest of ETHEREUM and the value suggestion.

Yunfeng’s 10,000 ETH stake, although it is important, puts it in the novice league compared to the real weapons of the market. According to the industry DataThe company joins ranks with companies such as The Eter Machine, which collects the treasury that now exceeds 345,000 ETH before a planned public list.

The current ETH accumulation is an immersion techniques in a bouty image, led by Tom Lee from Fundstrat, which holds 1.87 million ETH and Sharplink games. Sharplink is working on an aggressive acquisition, as it recently added 39,008 ETH to a decrease in its total holdings to 837,230 symbols, which is about $ 3.6 billion.