Publicly Listed Maker of Billion-User Chinese App Meitu Buys $40 Million of Bitcoin and Ether for Its Treasury

One of China’s top internet app makers, Meitu Inc. , is adding up to $100 million worth of cryptocurrencies to its treasury, joining a growing list of companies worldwide to do so. The company has already purchased $40 million worth of bitcoin and ether for its balance sheet.

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China’s beauty app Meitu invested over $22m in Ethereum (ETH)

Elon Musk’s Tesla made massive waves in the crypto industry when it was revealed that it bought $1. 5 billion worth of Bitcoin. Now, China’s beauty app, Meitu, decided to mirror its move by investing over $20 million in Ethereum (ETH), causing Ethereum’s price to jump by over 6%.

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Leading Chinese Tech Giant Buys $40 Million Worth of Bitcoin and Ether

Chinese tech company Meitu, Inc. headquartered in Xiamen, Fujian has decided to purchase 15,000 units of Ether and 379. 1214267 units of Bitcoin at the cost of a whopping US$22. 1 million and US$17.

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Publicly Traded Chinese Company Buys Bitcoin and Ethereum

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Chinese Publicly Listed Company Meitu Buys Bitcoin (BTC), Ether (ETH) worth $40 Million

Publicly listed Chinese company Meitu adds bitcoin (BTC) and ether (ETH) to its balance sheet. Meitu Buys BTC, ETH worth $40 Million In an announcement made on March 7, Siming District-headquartered Chinese technology company Meitu announced that it had bought BTC and ETH worth $40 million.

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Chinese Tech Company Puts $40 Million Into Bitcoin and Ethereum

Chinese tech company Meitu now has $40 million worth of Bitcoin and Ethereum on its balance sheet

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Chinese and US Investors Team Up to Create a Global Crypto Investment Fund

The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.

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