Jack Ma and the mysterious purchase of 10,000 ETH for 44 million dollars

Yunfeng Financial, a Hong Kong investment company linked to Jack Ma, has just acquired 10,000 ETH. Total price? 44 million dollars. This massive purchase directly draws from the company's treasury.

The company announced it spontaneously at the Hong Kong Stock Exchange. This is the logical continuation of strategies mentioned in July. At that time, the board had been captivated by Web3, the tokenization of real assets, digital currencies, ESG projects, and AI. The purchase of ETH seems to be a calculated marriage between finance and technology.

ETH: the new darling of financial giants?

Adding ETH to reserves could open doors to new financial services, particularly insurance. Yunfeng is clearly looking to move away from traditional systems. They have purchased on the open market. Simple transaction.

The company will keep an eye on trends and regulations. Perhaps they will buy more? Who knows. The council does not ignore the risks associated with cryptos. Volatility remains a concern.

The integration of ETH could transform the customer experience, according to Yunfeng. More autonomy. More innovation. Other institutions seem to share this vision.

ETHZilla Corporation, that American one, plans to inject 100 million dollars in ETH into EtherFi, a liquid staking protocol. They already hold 102,246 ETH. Value? About 456 million. The partnership with EtherFi promises higher returns than traditional strategies.

Ethereum gains institutional ground

McAndrew Rudisill of ETHZilla talks about strategic evolution. Mike Silagadze, the CEO, mentions growing institutional confidence. The structure of ETHZilla is being streamlined with the recent cancellation of shares.

These movements – Yunfeng with its 10,000 ETH, ETHZilla with its 100 million for EtherFi – illustrate the growing institutional appetite. The models differ, however. Yunfeng is part of a broad vision. ETHZilla dives deep into the DeFi ecosystem.

Ether Machine has also increased its position to 495,400 ETH. An individual contribution from Jeffery Barnes added 150,000 ETH, bringing their total value to approximately 2.16 billion, plus 367.1 million in liquid capital.

These massive allocations of ETH by institutions reveal something interesting. Staking, DeFi applications, tokenization... Ethereum seems to be positioning itself as the dominant infrastructure in the future financial landscape. But nothing is set in stone.