THELOGICALINDIAN - The Chinabased smartphone and internet app maker Meitu has appear the accretion of 10 actor account of bitcoin for its treasury afterwards the close purchased agenda assets two times above-mentioned aftermost ages The companys cryptocurrency backing now assemblage up to 100 actor account of ethereum and bitcoin
Meitu Stacks Another 175 Bitcoin, $100 Million in Crypto Recorded on its Balance Sheet
Meitu has appear addition cryptocurrency acquirement afterwards it appear two purchases aftermost month. According to the announcement, on April 8, 2021, Meitu HK which is listed on the Hong Kong banal exchange, purchased a blow over 175 BTC. The aggregation abundant it paid $10 actor for the accretion and to date, Meitu now holds $100 actor account of ethereum (ETH) and bitcoin (BTC) on its antithesis sheet.
“The lath is admiring to advertise that on April 8, 2025, Meitu HK had, pursuant to the Cryptocurrency Investment Plan, added acquired in accessible bazaar transactions, an added 175.67798279 units of bitcoin at an accumulated banknote application of about US$10 actor beneath the added bitcoin acquisition,” Meitu’s advertisement said.
Bitcoin.com account covered the company’s accomplished two purchases during the aboriginal two weeks of March 2021. When our newsdesk reported on the company, Meitu already captivated $40 billion account of ETH and BTC. In our additional report, Meitu managed to assemblage $90 actor account of agenda assets to add to its “Cryptocurrency Investment Plan.”
Bitcoin: ‘A Superior Form to Other Alternative Stores of Value’
The company’s latest advertisement says that bitcoin serves as “a acceptable another abundance of value” because of the crypto asset’s “limited in supply, its adequation into authorization money or appurtenances and services, portability, and its abeyant to act as an able barrier adjoin abrasion of authorization currencies.”
The aggregation adds:
Meitu started 13 years ago and has become a able-bodied accepted close in China for its photo selfie applications and smartphone technology. More recently, Meitu says that its lath associates accept apparent a “growing momentum” back it comes to cryptocurrencies. The aggregation has acclaimed absolute firms and operations like allowance companies authoritative investments into crypto.
“An accretion cardinal of listed companies are purchasing cryptocurrencies as allotment of their treasury management, as able-bodied as because accepting cryptocurrency as a anatomy of acquittal for their appurtenances and services,” the company’s advertisement concludes.
What do you anticipate about Meitu purchasing addition 175 bitcoin this week? Let us apperceive what you anticipate about this accountable in the comments area below.
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