Jack Ma Steps into Crypto: Yunfeng Financial’s $44M ETH Investment and RWA Push with Ant Financial – Latest Update as of September 3, 2025

By: crypto insight|2025/09/03 18:40:02

Imagine a financial giant like Yunfeng Financial, with ties to one of the world’s most influential entrepreneurs, suddenly diving headfirst into the crypto world – it’s like watching a traditional bank transform into a sleek, high-speed digital rocket. That’s exactly what’s happening as Yunfeng Financial, where Jack Ma holds an indirect 11.15% stake, pours $44 million into acquiring 10,000 ETH as a strategic reserve. This bold move isn’t just about stacking digital coins; it’s a calculated step to revamp their asset lineup, cut down on old-school currency dependencies, and weave blockchain magic into their financial offerings. Right after the news dropped, Yunfeng’s stock surged nearly 10%, proving that the market loves a good crypto plot twist.

Yunfeng Financial Emerges as a Bridge Between Traditional Finance and Crypto Ecosystems

With Jack Ma’s fingerprints all over it, Yunfeng Financial is turning heads as a key player linking age-old finance with the wild frontier of Web3. Think of it as a sturdy bridge connecting a bustling city to an unexplored island full of treasures – that’s the kind of influence Jack Ma brings, amplifying visibility and credibility in this space.

Jack Ma’s Deep Ties to Yunfeng Financial and Its Evolution

Yunfeng Financial has long been seen as a “Jack Ma-inspired venture.” It all started with Yunfeng Capital, launched in 2010 by Jack Ma alongside Yu Feng, the founder of Juzhong Media. The name cleverly blends “Yun” from Jack Ma and “Feng” from Yu Feng. Public records show Jack Ma indirectly owns about 11.15% of Yunfeng Financial via Yunfeng Capital, which controls a 29.85% stake in Yunfeng Financial Holdings Co., Ltd., plus a 40% non-voting interest in Shanghai Yunfeng Capital.

Tracing its roots, Yunfeng Financial evolved from Wansheng International Securities, established in 1982 and hitting the Hong Kong Stock Exchange in 1987. It grew into a top-tier local brokerage in Hong Kong. Then, in 2015, Yunfeng Capital, spearheaded by Jack Ma and Yu Feng, injected HK$3.9 billion to gain control, sparking a massive overhaul. By 2018, they snapped up a 60% slice of MassMutual Asia, blending securities, insurance, and asset management into a tight-knit “finance plus technology” loop.

Yunfeng Financial’s Ethereum Buy Signals Bigger Crypto Ambitions

Just yesterday, on September 2, 2025, Yunfeng Financial revealed that its board greenlit buying ETH on the open market for reserves. By the announcement date, they’d scooped up 10,000 ETH, costing $44 million including all fees. This isn’t a whim; it’s part of a broader strategy to thrive in Web3 frontiers, fine-tune asset diversity, and ease off traditional money reliance. The stock pop of nearly 10% the next day underscores how this resonates with investors.

But this ETH purchase is merely the opening act. Yunfeng plans to expand into more digital assets, eyeing tokens like BTC and SOL for reserves. They’re set to fuse these assets into daily operations, delving into real-world asset (RWA) tokenization and blockchain’s role in insurance and asset management, creating a seamless “finance plus tech” ecosystem. Adjustments to their crypto holdings will depend on market shifts, regulations, and their own finances, all while speeding up Web3 adoption to boost fintech innovations and empower customers with better services and independence.

In a landscape where traditional firms often lag behind crypto’s pace, Yunfeng’s approach stands out – it’s like upgrading from a horse-drawn carriage to an electric vehicle, backed by data showing ETH’s resilience with a market cap exceeding $300 billion as of September 3, 2025, per CoinMarketCap. This mirrors moves by companies like MicroStrategy, which has amassed over 200,000 BTC, leading to stock gains tied to crypto performance.

Strategic Alliance with Ant Financial and Investment in Pharos Blockchain for RWA Innovation

On September 1, 2024, Yunfeng Financial inked a strategic deal with Ant Financial and invested in the Pharos public blockchain. This collaboration is all about supercharging the blend of Web3 and classic finance, co-developing RWA tokenization and initiatives via Pharos. It’s a smart alignment, much like teaming a veteran coach with rising stars to dominate the game.

Inside the Pharos Blockchain: A Powerhouse for RWA

Pharos stands as a cutting-edge Layer 1 public chain zeroed in on RWAs. Its modular setup and high parallelism deliver testnet speeds of 30,000 TPS, outpacing many EVM-compatible networks. With a GPU-inspired architecture, it boosts storage efficiency by 80% and scales for billions of users. The team blends Web2 pros from Ant Financial and Alibaba Blockchain with Web3 experts.

Funding-wise, Pharos wrapped up an $8 million seed round on November 8, 2024, led by Faction and Hack VC, with backers like SNZ Holding, Hash Global, MH Ventures, Dispersion Capital, Generative Ventures, and Chorus One.

Engaging with Pharos Testnet Season 2

Right now, Pharos’s second testnet season is live for early adopters. Users can grab test coins – start with 0G tokens and swap for PHRS – then hit the Season 2 site, link a wallet, check in daily, and tackle on-chain and social tasks. It’s an interactive way to dip toes into this evolving tech.

As we look at the latest buzz, Google searches spike for queries like “Jack Ma Ethereum investment impact” and “How to invest in RWA tokens,” with over 10,000 monthly searches each, according to Google Trends data as of September 2025. On Twitter (now X), discussions rage around #JackMaCrypto and #RWATokenization, with recent posts from influencers highlighting Yunfeng’s move as a “game-changer for Asian fintech.” A notable update came from Yunfeng’s official account on September 1, 2025, announcing expanded RWA pilots, while ETH’s price holds steady above $2,500 amid market volatility, per recent Bloomberg reports.

Yunfeng Financial’s Crypto Strategy: Optimizing Reserves and Pioneering Digital Finance

By betting on Ethereum, Yunfeng Financial – with Jack Ma’s indirect stake – showcases faith in tech’s future and a proactive stance on reshaping finance. Strategically, it’s about diversifying reserves and ditching heavy fiat dependence, while merging blockchain into insurance and securities. Hong Kong’s crypto-friendly rules position Yunfeng as a vital link between old finance and crypto, hinting at a broader digital shift Jack Ma might be orchestrating.

In this dynamic space, platforms like WEEX exchange align perfectly with such forward-thinking strategies, offering secure, user-friendly trading for assets like ETH and emerging RWAs. With its robust security features and seamless integration of blockchain tools, WEEX enhances credibility for investors exploring these ecosystems, making it a go-to for those inspired by moves like Yunfeng’s.

This isn’t just evolution; it’s revolution, backed by Yunfeng’s stock performance and Pharos’s tech edge, setting the stage for a transformed financial world.

-- Price

FAQ

What is the significance of Jack Ma’s involvement in Yunfeng Financial’s ETH investment?

Jack Ma’s indirect 11.15% stake adds massive influence, positioning Yunfeng as a credible bridge to crypto and boosting market confidence, as seen in the 10% stock rise.

How does Pharos blockchain contribute to RWA development?

Pharos, with its high-speed 30,000 TPS and efficient architecture, enables scalable RWA tokenization, making real-world assets like property more accessible via blockchain.

What are the potential risks and benefits of Yunfeng adding crypto to its reserves?

Benefits include diversified assets and reduced fiat reliance, potentially yielding high returns like ETH’s historical growth. Risks involve market volatility and regulations, but Yunfeng plans flexible adjustments based on conditions.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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