Meitu's Subsidiary Bought Nearly 176 Bitcoin for About $10 million

[ChainDD report] April 8 (ChainDD) Hong Kong listed company Meitu (01357. HK) announced that its wholly owned subsidiary, Meitu Hong Kong, purchased a further 175.67798279 units of Bitcoin in open market transactions on April 8, 2021 under the cryptocurrency investment program, for a total cost of approximately US $10 million.

As ChainDD reported before, the company has purchased 15000 ETH and 379.1214267 BTC in the open market on March 5, 2021. The cost of the two cryptocurrencies is about $22.1 million and $17.9 million, respectively.

On March 17, Miracle Vision, a wholly owned subsidiary of Meitu, purchased a further 16,000 units of Ethereum in open market trading for a total cost of approximately $28.4 million; and 386.08581,655 units of Bitcoin, for a total cost of about $21.6 million.

As of the date of this announcement, Meitu Group has currently purchased approximately $100 million worth of cryptocurrencies.


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