Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
Cointelegraph
Published Apr 09, 2021 03:44AM ET
Updated Apr 09, 2021 05:20AM ET
Hong-Kong tech company Meitu has taken the total value of its cryptocurrency holdings to approximately $100 million, after the firm disclosed the purchase of an additional $10 million worth of Bitcoin (BTC) on April 8.
Meitu HK, the wholly-owned Hong-Kong subsidiary of Meitu Inc (incorporated in the Cayman Islands), acquired 175.67798279 units of Bitcoin for a combined price of $10 million, implying a purchase price of around $57,000 per coin. The purchase was reportedly made using existing cash reserves, based on spot prices on the open market.
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Written By: Cointelegraph
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