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Yunfeng Financial has announced the purchase of 10,000 ETH to establish an Ethereum asset reserve.
BlockBeats News, September 2nd, Hong Kong-listed company CF Benchmarks (00376.HK) announced that the company's board of directors has approved the purchase of ETH as a reserve asset on the open market. As of the announcement date, the group has cumulatively purchased 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of $44 million. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is classified as investment assets in the group's financial statements.
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