Hong Kong’s Yunfeng Financial Buys $44M in ETH as Institutions Increase Holdings

6h ago•

Crypto2Community

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bearish:

Highlights:

Hong Kong’s Yunfeng Financial invests in 10,000 ETH to grow its Web3 initiatives.
The firm uses internal cash reserves to strengthen its position in digital assets.
SharpLink and whales boost Ethereum holdings, which reflects growing institutional confidence in the altcoin.

Hong Kong-listed Yunfeng Financial has expanded further into Web3 with a major Ethereum (ETH) purchase. The firm revealed on Tuesday that it acquired 10,000 ETH, valued at around $44 million, using its internal cash reserves. This acquisition comes shortly after Yunfeng shared plans to dive deeper into Web3 opportunities, real-world assets, digital currencies, and artificial intelligence. The move highlights its commitment to strengthening its position in the digital economy.

Closely associated with Alibaba founder Jack Ma, Yunfeng Financial sees this Ethereum purchase as a strategic step to grow its footprint in digital assets and Web3. “The Board believes that the ETH’s inclusion as the Company’s strategic reserve assets is consistent with the Group’s layout of expansion into frontier areas, including Web3, and provides key infrastructure support for Real World Assets (RWA) tokenization activities,” the company said.

The investment firm will list ETH as a balance sheet investment. The company said these holdings diversify assets and lower dependence on fiat. Yunfeng also aims to leverage Ethereum for insurance and decentralized finance applications. The firm provides services in brokerage, asset management, insurance, and fintech.

Hong Kong-listed Yunfeng Financial announced that it has purchased 10,000 ETH, totaling $44 million. Jack Ma, China's most renowned entrepreneur and founder of Alibaba, is a key associate of Yunfeng Financial.https://t.co/vdjBI6HGcv

— Wu Blockchain (@WuBlockchain) September 2, 2025

SharpLink and Ether Machine Boost Ethereum Holdings

The world’s second-largest cryptocurrency also drew attention from a rapidly growing investor. SharpLink added 39,008 ETH to its portfolio at an average cost of $4,531, bringing its total Ethereum holdings to 837,230 ETH, worth approximately $3.6 billion. Since June 2, the firm has gained 2,318 ETH through staking rewards from its Ethereum treasury strategy. The firm holds over $71.6 million in undeployed cash, and its ETH concentration jumped to 3.94, nearly doubling since early June. This implies roughly four dollars’ worth of Ethereum for every dollar of cash if all available funds were converted.

NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B.

Key highlights for the week ending Aug 31st, 2025:

→ Raised $46.6M through the ATM facility
→ Added 39,008 ETH at ~$4,531 avg. price
→ Staking… pic.twitter.com/dy7x1Ux0NY

— SharpLink (SBET) (@SharpLinkGaming) September 2, 2025

Moreover, the Ether Machine announced Tuesday it raised an additional 150,000 ETH, worth $654 million, for its Ethereum treasury in August, solidifying its position as the third-largest ETH holder. The ETH came from longtime Ethereum supporter Jeffrey Berns, who will transfer it to the company’s wallet this week and join its board of directors. “This is the largest follow-on investment of any crypto treasury company thus far, bringing our total committed capital up to over $2.5 billion,” the company posted on X.

Good morning, Machinists. We just raised another 150,000 #ETH in August ($654M).

This is the largest follow on investment of any crypto treasury company thus far, bringing our total committed capital up to >$2.5B

— The Ether Machine (@TheEtherMachine) September 2, 2025

Ethereum Whales Add 260K ETH to Holdings

Further boosting momentum, Santiment data shows whale addresses holding 10,000–100,000 ETH rose by 4% between August 24 and Tuesday. These investors added about 260,000 ETH, worth $1.14 billion, in the past 24 hours. Ethereum saw a large inflow while its price remained steady around $4,400.

CryptoGoos, a well-known analyst, says Ethereum’s overall trend remains strong, and its breakout from a falling wedge continues on the weekly chart. The falling wedge points to a target of $6,100, according to the chart. “Don’t sell your $ETH too early! ”the analyst advised followers on X Tuesday.