Meitu Inc. will sell previously purchased cryptocurrencies starting from November 2024. As of December 4, all have been sold, including approximately 31,000 units of Ethereum and 940 units of Bitcoin, with total cash consideration of about 100 million USD and 80 million USD respectively, resulting in a profit of approximately 79.63 million USD (around 571 million RMB). The board intends to use about 80% of the net proceeds from the sale to pay a special dividend, with the remainder used as working capital to expand the imaging and design product business. #BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.