Yunfeng Financial, Backed by Jack Ma, Buys 10,000 ETH Worth $44 Million

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In a major move in the crypto market, Yunfeng Financial—a Hong Kong-registered firm affiliated with Alibaba founder Jack Ma—has acquired 10,000 Ethereum (ETH), signaling growing institutional interest in blockchain assets.

Yunfeng Financial Makes Strategic Crypto Investment

Yunfeng Financial, a financial services firm backed by Chinese entrepreneur and Alibaba co-founder Jack Ma, has made headlines with a significant cryptocurrency purchase. On September 3, 2025, the company confirmed that it acquired 10,000 ETH, amounting to approximately $44 million at the time of purchase.

A Move That Signals Confidence in Ethereum

This bold investment reflects a growing trend of institutional involvement in cryptocurrency markets. Ethereum, being the leading smart contract platform, has long been viewed as a cornerstone of the blockchain ecosystem. Yunfeng Financial's large-scale purchase could be interpreted as a strong vote of confidence in Ethereum’s long-term potential, especially as decentralized finance (DeFi) and NFTs continue to evolve.

Jack Ma's Indirect Role in Crypto Expansion

Though Jack Ma has maintained a relatively low profile in recent years, his involvement—through affiliated companies like Yunfeng Financial—shows his continued interest in emerging technologies. This move could indicate his belief in blockchain as a transformative force in the global financial sector, especially within Asia.

Market Reaction and Price Insights

Following the announcement, Ethereum's price remained stable around $4,375, as displayed on the trading platform shown in the image. While the market did not show immediate volatility, such strategic purchases often have long-term effects on market perception and institutional trust in crypto assets.

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