PANews reported on September 2nd that Yunfeng Financial announced that its board of directors has approved the purchase of ETH on the open market as a reserve asset. As of the date of this announcement, the group had purchased a total of 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of US$44 million. The purchase was funded from the group's internal cash reserves, and the ETH purchased is listed as an investment asset in the group's financial statements.