While the treasury strategy for Bitcoin, Ethereum and altcoins continues to increase day by day, the latest news came from Hong Kong. Accordingly, a company named Yunfeng Financial, which is listed on the Hong Kong stock exchange, announced that it plans to add Bitcoin and Solana to its corporate reserves. According to local media agency Caixin, Yungfeng Financial plans to add both Bitcoin and Solana to its institutional reserves, in addition to its existing Ethereum (ETH) portfolio. This isn't Yunfeng Financial's first foray into the cryptocurrency space. The company, known for its Yunfeng Capital, co-founded by Alibaba founder Jack Ma, recently purchased 10,000 ETH. While the company has already proven its belief in digital assets with these moves, they also show that companies are increasingly exploring alternative assets to diversify their portfolios and hedge against traditional market volatility and inflation. Bitcoin, with its high market presence and limited supply, is the first choice for investment as a digital store of value, while Solana's high efficiency and low-cost transactions make it an attractive option for companies. *This is not investment advice. Continue Reading: Alibaba-Backed Company Announces Bitcoin (BTC) and Solana (SOL) Moves After Ethereum!
