Jack Ma’s Yunfeng Financial Acquires 10,000 ETH for $44 million to Fuel Web3 Expansion

- Jack Ma-backed Yunfeng Financial Group acquires 10,000 ETH worth $44 million. - The acquisition drives diversification and supports tokenized finance initiatives. On September 2, 2025, Yunfeng Financial Group announced it acquired 10,000 Ether (ETH) for approximately $44 million. The Hong Kong-listed firm, tied to Alibaba's Jack Ma, funded the strategic purchase entirely with its internal cash reserves. This move aims to accelerate the firm’s Web3 expansion and support its Real World Asset (RWA) tokenization initiatives using Ethereum's blockchain infrastructure. On September 2, Cointelegraph reported that Yunfeng Financial intends to diversify its investment portfolio beyond traditional fiat currencies. The company plans to incorporate ETH as a core asset on its balance sheet, a strategy that aligns with its broader vision to leverage Ethereum for tokenized finance and Web3 projects, which will become integral to its operational and growth plans. In related industry news, Coinpedia confirmed on September 2 that The Ether Machine acquired 150,000 ETH for $654 million. Advocate Jeffrey Berns backed the purchase and also joined the company's board. This addition brings The Ether Machine’s ETH treasury to over 345,000 ETH as it prepares for its Nasdaq debut. Simultaneously, BitMine Immersion Technologies expanded its Ethereum holdings to 1.87 million ETH, valued at approximately $8.1 billion, as it pursues its goal of securing 5% of Ethereum’s circulating supply. According to CoinMarketCap on September 2, Ethereum (ETH) traded at $4,342.36 as of 15:15 UTC. Its 24-hour trading volume had dropped by 0.97%. Yunfeng Financial’s bold move signals increasing institutional interest in Ethereum, and this development sets the stage for further advancements in tokenized assets and blockchain-based finance.