Chinese App Maker Meitu Buys $40M in BTC and ETH
From decrypt.co
Meitu, a technology company headquartered in China’s Fujian province, today announced that it has bought $40 million in cryptocurrencies—$22 million in Ether (ETH) and $17.9 million in Bitcoin (BTC). {chart} Meitu, a smartphone manufacturer and selfie app software company that has been listed on the Hong Kong Stock Exchange since 2016 and has a market cap of $11.76 billion, disclosed that it has bought 380 BTC and 15,000 ETH. {tweet} In a statement, the 8-year-old company said that its board is convinced that blockchain could do to finance and technology what mobile phones did to the PC internet and other offline ...
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