Hong Kong-listed company holds 1092 ETH, the story behind the $600 difference between the cost price and the current price

2026-01-02 14:32:24

Hong Kong-listed company Jinyong Investment (01328.HK) recently disclosed its cryptocurrency asset allocation. According to the latest information, the company holds 1,092.3 Ethereum (ETH), with a total cost of approximately $3.96 million and an average cost of $3,627.2 per ETH. As of January 2, 2026, the current ETH price is $3,036.45. This indicates that Jinyong Investment’s current holdings are in an unrealized loss position.

Position Data and Market Background

Position Scale Analysis

Jinyong Investment’s ETH holdings are quite substantial. At the current price, these 1,092.3 ETH have a market value of about $3.31 million. Based on the cost basis, the company has positioned itself during a period when ETH prices were relatively high.

Indicator	Value
Holdings	1,092.3 ETH
Total Cost	$3,962,000
Average Cost	$3,627.2/ETH
Current Price	$3,036.45/ETH
Current Market Value	approximately $3,310,000
Unrealized Loss	approximately $652,000 (-16.5%)

ETH Market Environment

As the second-largest global cryptocurrency, Ethereum has a market capitalization of $36.648 billion, accounting for 12.13% of the entire crypto market. According to the latest data, ETH has increased by 1.94% in the past 24 hours, up 1.85% over 7 days, but down 1.11% over 30 days. The 24-hour trading volume reaches $1.504 billion, indicating sufficient liquidity.

Significance of Institutional Allocation Signals

Why Hong Kong-listed companies are allocating ETH

Jinyong Investment, as a Hong Kong-listed company, choosing to allocate ETH reflects several important signals:

Institutional Recognition: ETH, as the second-largest crypto asset, has gained recognition from mainstream institutions for its technological foundation and ecological applications.
Long-term Positioning: Even while currently in an unrealized loss, disclosing holdings indicates confidence in ETH’s long-term value.
Asset Diversification: Cryptocurrencies are gradually becoming a standard component of institutional investment portfolios.

Insights from Cost Basis

The average cost of $3,627.2 reflects Jinyong Investment’s entry timing. This price level was roughly between mid-2024 and early 2025. During this period, ETH experienced a retracement from its highs. The company’s decision to position during this interval suggests a relatively rational judgment of ETH’s medium-term value rather than chasing highs.

Significance of Holdings in a Loss Position

Jinyong Investment currently shows an unrealized loss of about $652,000. In this context, the company’s decision to disclose this position indicates several noteworthy points:

Transparency: As a Hong Kong-listed company, proactively disclosing crypto holdings demonstrates a transparent attitude.
坚定持仓：没有因浮亏而减持，反而选择披露，表明对后续行情的看好
Institutional Participation Growth：越来越多的上市公司配置加密资产，说明市场正从散户驱动向机构驱动转变

Summary

Jinyong Investment’s disclosure of ETH holdings is an interesting case. On one hand, the current unrealized loss reflects the volatility of the crypto market; on the other hand, the fact that a Hong Kong-listed company persists in holding and actively discloses in a loss position demonstrates institutional confidence in long-term value. The underlying logic is that ETH, as the second-largest global crypto asset, has a mature ecosystem and technological foundation worth long-term institutional allocation. For market participants, this indicates that institutions are gradually participating in crypto asset allocation, which is an important signal of market maturity.

ETH4,25%

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