Meitu Under Fire After Investing $40M in Crypto
On March 7, Xiamen-based app-maker Meitu announced it has purchased $22.1 million worth of Ethereum (ETH) and $17.9 million in Bitcoin (BTC) via open market transactions on March 5. The company’s total investment in cryptocurrency amounted to $40 million, or about 261 million yuan. Meitu became the first Hong Kong-listed company…
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