Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether.
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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.
During the past month, Meitu racked up $90 million worth of cryptocurrency purchases, split between Bitcoin and Ether (ETH). Following Thursday’s latest acquisition, the firm has now purchased $49.5 million worth of BTC, and $50.5 million worth of Ethereum.
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https://cointelegraph.com/news/meitu-now...n-purchase
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether.
...
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.
During the past month, Meitu racked up $90 million worth of cryptocurrency purchases, split between Bitcoin and Ether (ETH). Following Thursday’s latest acquisition, the firm has now purchased $49.5 million worth of BTC, and $50.5 million worth of Ethereum.
...
https://cointelegraph.com/news/meitu-now...n-purchase
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