Yunfeng Financial has purchased 10,000 ETH in the open market, with a total investment cost of 44 million USD

ChainCatcher news, according to Jin10 reports, Yunfeng Financial announced that its board of directors has approved the purchase of ETH in the open market as a reserve asset.

As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of 44 million USD. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements.