Share this article
BTC
$79,115.85
+
3.76%ETH
$1,572.53
+
6.14%USDT
$0.9997
+
0.04%XRP
$1.8865
+
7.18%BNB
$558.62
+
3.69%USDC
$1.0000
+
0.00%SOL
$108.80
+
8.16%DOGE
$0.1514
+
9.93%TRX
$0.2349
+
4.03%ADA
$0.5877
+
7.54%LEO
$8.9861
+
0.58%LINK
$11.68
+
9.30%TON
$3.1168
+
3.83%XLM
$0.2298
+
5.67%AVAX
$17.04
+
10.48%SHIB
$0.0₄1128
+
4.07%SUI
$2.0375
+
11.92%HBAR
$0.1562
+
15.70%OM
$6.2649
+
3.04%BCH
$280.20
+
8.11%Sign Up
- Back to menuNews
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menuSponsored
- Back to menu
- Back to menu
- Back to menuResearch
- Back to menuWebinars & Events
- Back to menu
Meitu Buys More Bitcoin and Ether, Bringing Total Holdings to $90M
The software company now has $50.4 million in ether and $39.5 million in bitcoin.
Hong Kong-listed software firm Meitu has announced new crypto currency investments, having already splurged $39.9 million on bitcoin and ether earlier this month.
STORY CONTINUES BELOW
- The company said Wednesday it has, through its subsidiary Miracle Vision, bought another 16,000 ETH valued at around $28.4 million and 386.086 BTC valued at approximately $21.6 million.
- All told, the company now has $50.4 million in ether and $39.5 million in bitcoin, bringing its combined crypto holdings to the equivalent of a little over $90 million.
- Meitu said the crypto assets had been bought for cash on the open market in transactions completed Wednesday.
- The bitcoin and ether are being held in secure custody with "renowned" cryptocurrency trading platforms, the firm said.
- The purchases were made under the terms of a board-approved investment plan that allows the company to invest in up to $100 million in cryptocurrencies.
- Cayman Islands-incorporated Meitu is a provider of image and video processing software.
See also: Grayscale Offers New Trusts to Invest in 5 More Cryptos Including Filecoin, Chainlink
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
