BiyaPay analyst: Yunfeng Finance, a subsidiary of Jack Ma, bought Ethereum, and its stock price rose 6% today

According to BlockBeats, on September 4, Jack Ma's affiliated company Yunfeng Finance previously purchased 10,000 ETH at an average price of US$4,400. Today, Hong Kong stock Yunfeng Finance [Hong Kong Stock Code 00376] rose by more than 6%, attracting widespread attention from the market. Industry insiders said that with the recovery of the crypto market and the continued layout of institutional investors, Yunfeng Financial's large holdings have a significant impact on market sentiment and price trends. It is worth noting that Yunfeng Finance not only pays attention to the spot market, but also actively plans digital asset derivatives and blockchain payment applications, and lays out long-term strategies in the field of digital finance. Investors can understand the operational ideas and risk management strategies of institutions in the crypto market, and provide reference for their investment decisions. BiyaPay Multi-Asset Trading Wallet will continue to provide you with one-stop services such as global remittances, digital currency trading and US and Hong Kong stock investment, helping you seize the opportunity in market fluctuations and achieve asset appreciation. Whether trading Hong Kong stock Yunfeng Finance or trading ETH, BiyaPay can provide you with a safe, efficient and convenient trading experience.