Yunfeng Finance, co-founded by Jack Ma, has announced plans to purchase 10,000 Ethereum (ETH) valued at approximately $44 million by September 2025. This move is part of the firm's broader strategy to invest in Web3 technologies. Despite social media rumors, there is no official confirmation or on-chain evidence that Jack Ma is personally creating an Ethereum strategic reserve, nor have Alibaba or its representatives commented on such claims.