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.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
