Meitu Just Purchased $40 Million in Bitcoin & Ethereum! Who’s next??

in LeoFinance2 years ago

A Chinese photo retouching app just got into the Bitcoin game! The app, called Meitu, traded in Hong Kong, has announced it purchased $40 million worth-of Bitcoin and Ethereum.

Today, the firm announced the purchase of 15,000 ETH and 379.12 BTC! Their average cost was $22.1 million and $17.9 million, respectively!

Meitu is one of the most popular mobile apps in China and has a market cap of $1.5 billion (USD.) Last year, they reported to have $384 million in liquid assets, and 295 million monthly active users.

Meitu is just one of the latest corporate players to jump into Bitcoin, and surely, more will follow!

Thanks for stopping by!

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Posted Using LeoFinance Beta