Chinese technology company listed on Wednesday (March 17) Meitu Inc. announced that it had bought more BTC and ETH.
Meitu, which was founded in 2008, “has grown into one of the leading internet companies in China because of its leading AI-driven image and video processing technologies and social community.” It has been listed on the Hong Kong Stock Exchange since December 15, 2016 (share code: 1357.HK).
The Cayman Islands incorporated company was incorporated on March 7th announced The Meitu Group (i.e. Meitu Inc. and its subsidiaries outside the People’s Republic of China) had acquired “15,000 units of Ether and 379.1214267 units of Bitcoin (” BTC “), both cryptocurrencies, in open market transactions for a total price of approximately USD 22.1 million and $ 17.9 million on March 5, 2021. “These purchases were made by Miracle Vision, a wholly owned subsidiary of Meitu, under Meitu’s Cryptocurrency Investment Plan.
Well, yesterday (March 17th), Meitu announced two new cryptocurrency journals:
“The Board of Directors is pleased to announce that on March 17, 2021, Miracle Vision acquired an additional (i) 16,000 Ether Units for a total amount of approximately USD 28.4 million as part of the Cryptocurrency Investment Plan as part of open market transactions; and (ii) 386,08581655 units of bitcoin for a total of approximately $ 21.6 million under the bitcoin acquisition. At the time of this announcement, the group has accumulated a net purchase of cryptocurrencies worth approximately $ 90 million.“