๐จ Jack Ma invests 44 million USD to acquire 10,000 ETH
Yunfeng Financial โ a company co-founded by Jack Ma โ has officially added Ethereum to its strategic treasury with a deal of 44 million USD.
๐ Goal: diversify away from fiat currency, expand into DeFi, insurance, RWA, and affirm ETH as the core infrastructure of Web3.
๐ New wave: many listed companies are also adding ETH to their treasury, reminiscent of Saylor's "Bitcoin Treasury" โ but this time, the focus is on Ethereum.
๐ Jack Ma has chosen Ethereum, what about you?