Meitu has sold the amount of BTC and ETH purchased since 2021, realizing a profit of 80%
The technology company Meitu has decided to sell the amount of Bitcoin (BTC) and Ethereum (ETH) that they purchased since 2021, reaping a profit of 80% from this investment. This information indicates Meitu's shift in the cryptocurrency market, as they have completed the divestment from digital assets after witnessing significant value growth over the past few years, especially since investing in BTC and ETH in 2021.
Meitu has invested a total of approximately 90 million USD in cryptocurrency, with 28.4 million USD in Ethereum and 21.6 million USD in Bitcoin in various purchases. This profit-taking decision comes amid the company's belief that investing in cryptocurrency could bring value to shareholders in the long term, although they have also expressed concerns about the price volatility of these types of assets.