Meitu Buys $10 Million Worth of Bitcoin
Meitu, a leading Chinese app developer, announced today that the company has expanded its cryptocurrency portfolio with the addition of approximately 175 Bitcoin. The total value of the recent transaction stands at around $10 million.
According to the official announcement, Meitu now holds more than $100 million worth of Bitcoin and Ethereum. In March 2021, Meitu revealed its cryptocurrency investment plan and purchased nearly 15,000 ETH along with 379 BTC in a deal worth $40 million.
Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!
The technology firm accelerated its accumulation of Bitcoin and Ethereum in the third week of March after the company added $50 million worth of ETH and BTC to its cryptocurrency portfolio. Meitu now has more than 30,000 units of Ethereum.
“The Board is pleased to announce that on April 8, 2021, Meitu HK, a wholly-owned subsidiary of the Company, had pursuant to the Cryptocurrency Investment Plan, further acquired in open market transactions, an additional 175.6 units of Bitcoin at an aggregate consideration of approximately $10 million under the Further …
More on: www.financemagnates.com