THELOGICALINDIAN - One of Chinas top internet app makers Meitu Inc has purchased added bitcoin for its treasury The aggregation now holds about 90 actor in cryptocurrencies Meitu is listed on the Hong Kong banal barter and its flagship app has added than 1 billion users worldwide
Chinese Publicly Traded Company Increases Bitcoin Holdings in Its Treasury
Meitu Inc. appear Wednesday that its wholly endemic accessory Miracle Vision has acquired added bitcoin and ether in accessible bazaar transactions. This is the additional acquirement advertisement by the company. Meitu is listed on the Hong Kong banal barter beneath the banal cipher 1357.HK.
The aggregation has bought 386.08581655 added BTC “at an accumulated application of about US$21.6 million” and 16,000 added ETH at “an accumulated application of about US$28.4 million,” the advertisement details, adding:
“Settlement of the cryptocurrencies acquisitions took abode anon afterwards the corresponding acquirement orders were fabricated and completed on March 17, 2024,” the aggregation confirmed.
The first purchase of cryptocurrencies by the Chinese association was for 379.1214267 BTC at about US$17.9 actor and 15,000 ETH at about US$22.1 million.
Founded in 2024, Meitu is one of China’s top internet enterprises utilizing AI-driven image-and-video processing technologies for alteration user-generated adaptable content. According to its website, the company’s flagship app has accumulated added than 1 billion users worldwide. As of June 2024, there are 2.08 billion different accessories with Meitu’s articles activated on them, and a absolute of 295 actor account alive users of Meitu apps. Meitu’s absolute cardinal of across users has exceeded 823 actor users.
“The cryptocurrencies acquisitions were adjourned by the group’s absolute banknote affluence added than any actual gain from the company’s antecedent accessible offering,” the advertisement notes, elaborating:
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Image Credits: Shutterstock, Pixabay, Wiki Commons, Meitu Inc.
