Meitu, the Chinese software company is buying Bitcoin (BTC) and Ether (ETH) again. This time the total purchase was worth US $ 49 million.
Before the new purchase, I bought Crypto assets equal to US $ 40 million in the first week of March 2021.
"As of the date of this announcement, the Group has accumulated a net purchase of Crypto assets worth approximately US $ 90 million," the company said in a statement on Wednesday (17/3/2021).
The first time the purchase was made after the first bitcoin market capitalization reached US $ 1 trillion.
It is not popular globally, but in the country of the bamboo curtain, it is a well-known brand in the smartphone application field.
It's behind popular apps, including meitupic, makeupplus and beautycam.
"We decided to invest in two crypto assets, based on a rapidly growing market capitalization. We believe that crypto asset values ??increase shareholder value in the long term," Meitu said.
Meitu also agrees, Bitcoin is a good alternative store to gold. The reason is that the supply of bitcoins is very limited and can be exchanged for fiat money, such as US dollars.
"Bitcoin has potential as an effective hedge against the decline in the value of the Fiat currency due to the increasing number of central banks in circulation," the company said.
