Hong Kong-listed 'Yuanfeng Financial' secures 10,000 Ethereum

Son Min

Summary

Yuanfeng Financial said it secured 10,000 Ethereum (ETH).
The purchase was said to be about $44 million.
Jack Ma, the founder of Alibaba, was reported to be a key partner of Yuanfeng Financial.

Hong Kong-listed Yuanfeng Financial has reportedly stocked 10,000 Ethereum (ETH).

On the 2nd (local time), Yuanfeng Financial said in a press release, "Using the company's cash holdings, we secured 10,000 ETH," adding, "this is worth about $44 million."

Meanwhile, Jack Ma, the founder of Alibaba, is known to be a key partner of Yuanfeng Financial.

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