Meitu's Boss Cai cleared out the BTC and ETH accumulated from the previous cycle in November and December of 2021.

In the last round, he bought 31,000 E and 940 B, with costs of E1629 and B52610, costing 1E.

In the spot bear market, it dropped to a low of 880 and 15600. E was halved at its lowest, and B remained at less than 30%, valued at 31000×880+940×15600=0.42E, and any leverage even by a factor of two would have resulted in a liquidation. For more than half of these four years, the prices were underwater.

This time, he sold them at 1E and 0.8E, with an average selling price of E3225 and B8W5. He gained about double on E and around half on B.

The total profit was 7963W, with a dividend payout of 0.109 HKD per share.

What are your thoughts after reading this?