Jack Ma–Backed Yunfeng Financial Group Acquires $44 Million in Ethereum

Yunfeng Financial Group, which is supported by Jack Ma and listed in Hong Kong, has purchased 10,000 Ethereum valued at $44 million. This acquisition represents a significant commitment to digital asset ventures.

The purchase was entirely funded through the company’s available cash resources and is part of Yunfeng’s broader strategy to expand into Web3, digital assets, and artificial intelligence. Ethereum is intended to function as a strategic reserve asset for the group.

Ethereum as an Investment Asset

In their announcement, Yunfeng stated that Ethereum will be classified as part of its investment portfolio in official financial reports. The company noted that ETH would aid in supporting tokenization projects and underpin new financial solutions in the Web3 space.

This diversification aims to align Yunfeng’s services, from brokerage to asset management and insurance, with emerging opportunities in decentralized markets.

The Influence of Jack Ma

Public filings indicate that Jack Ma, founder of Alibaba, holds approximately 11.15% of Yunfeng Financial through Yunfeng Capital. Although he is not involved in daily operations, his stake connects the fintech firm to one of China’s most significant entrepreneurs, enhancing Yunfeng’s visibility as it evolves from traditional finance to deeper engagement with blockchain technologies.

Surge in Institutional ETH Purchases

In addition to Yunfeng’s acquisition, market data showcases a broader institutional buying spree for Ethereum. According to Lookonchain, whales and institutions have purchased 218,750 ETH (worth nearly $943 million) in just two days.

BitMine Immersion Technologies emerged as the largest corporate buyer, acquiring 69,603 ETH valued at $300 million from BitGo and Galaxy Digital. Additionally, five new wallets collectively purchased 102,455 ETH through FalconX, valued at $441.6 million.

Supply Crunch Signals Shifting Market

This wave of corporate and whale purchases coincides with a decrease in Ethereum’s availability on centralized exchanges. Data from CryptoQuant indicates that reserves have plummeted by nearly 10.7 million ETH since September 2022. Current balances are at 17.4 million ETH, down from a high of 28.8 million.

In the last three months, around 2.5 million ETH have been withdrawn from exchanges, primarily absorbed by corporate treasuries and ETFs. This supply crunch has occurred alongside Ethereum reaching a record high of $4,953.73 in late August 2025. As of now, ETH is trading at $4,340, reflecting a 0.67% decrease over the past 24 hours.