Yunfeng Financial purchased 10,000 ETH units on the open market, with a total investment cost of US$44 million."
According to online reports, Yunfeng Financial announced that the company's board of directors has approved the purchase of ETH on the open market as a reserve asset. As of the announcement date, the Group has purchased a total of 10,000 ETH units on the open market, with a total investment cost (including fees and expenses) of US$44 million. The funds for this purchase came from the group's internal cash reserves, and the purchased ETH was listed as investment assets in the group's financial statements.
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