Fenghuang Finance's stock price did not experience a pump despite the "Purchase of 10,000 Ethereum" news, decreasing by 4.09% during intraday trading.

BlockBeats News, September 3rd, according to market information, Noah Holdings (HK:00376) saw a high open and low decline today, dropping 4.09% intraday, with the stock price currently at 3.52 Hong Kong dollars.

Yesterday's news, Noah Holdings announced the purchase of 10,000 ETH to establish an Ethereum asset reserve. According to public data, Alibaba's founder Jack Ma indirectly holds about 11.15% of Noah Holdings through Yunfeng Fund, holds 29.85% in Noah Holdings Limited, and holds 40% in Shanghai Yunfeng Innovation (without voting rights).