Chinese company Meitu buys $ 40M of Bitcoin (BTC) and Ether (ETH) for its cash

The publicly traded tech company Meitu announces the acquisition of $ 17.9 million of Bitcoin (BTC) and $ 22.1 million of Ether (ETH) for its treasury.

Meitu buys BTC and ETH

Meitu buys BTC and ETH
Hong Kong-listed company Meitu converted $ 40 million of its cash into Bitcoin (BTC) and Ether (ETH).

According to the announcement, the company now holds 15,000 ETH valued at approximately $ 22.1 million as well as 329 BTC valued at approximately $ 17.9 million.

These purchases were made on March 5 in accordance with an investment plan previously approved by the Board of Directors under which the group will be able to make a total acquisition of $ 100 million financed by its existing cash reserves.
The ethers and bitcoins acquired by the group will be entrusted to one or more renowned cryptocurrency exchange platforms with important security measures.

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