Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase

Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase

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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