Yunfeng Financial Group, a company connected to Jack Ma and listed in Hong Kong, has announced plans to expand its investments into cryptocurrencies, including Bitcoin and Solana.
Investments in Cryptocurrency
This week, it was reported that Yunfeng Financial Group purchased 10,000 Ether for approximately $44 million. Market experts note that this move reflects a broader trend of companies looking to include cryptocurrency in their strategic reserves rather than focusing solely on traditional assets like bonds and equities.
Company Financial Performance
Shares of Yunfeng Financial Group (HKG:0376) are currently priced at 3.92 HKD, with a 9.80% increase today. Over the last five trading sessions, the stock has gained 19.15%. Additionally, the stock has shown a monthly increase of 32.43% and a year-to-date rise of 276%. The revenues for the first half of 2025 are reported at 4.46 billion HKD, with a net income of 486.49 million HKD.
Market Trends in Cryptocurrencies
An increasing number of companies are beginning to recognize cryptocurrencies as a strategic reserve. Currently, more than 120 companies have invested in Bitcoin. Other cryptocurrencies like Solana and Dogecoin are also becoming part of strategic reserves. Coingecko tracks 11 public companies holding Ethereum valued at over $14 billion.
The trend towards cryptocurrency investment continues to grow, with companies like Yunfeng Financial Group considering this opportunity as strategically important for their future development.
