Meitu now holds $100 million in BTC and Ether after newest Bitcoin buy By Cointelegraph

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Meitu now holds $100 million in BTC and Ether after newest Bitcoin buy

Hong-Kong tech firm Meitu has taken the entire worth of its cryptocurrency holdings to roughly $100 million, after the agency disclosed the acquisition of a further $10 million price of (BTC) on April 8.

Meitu HK, the wholly-owned Hong-Kong subsidiary of Meitu Inc (included within the Cayman Islands), acquired 175.67798279 models of Bitcoin for a mixed worth of $10 million, implying a purchase order worth of round $57,000 per coin. The acquisition was reportedly made utilizing present money reserves, based mostly on spot costs on the open market.