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As of December 4, Meitu had sold its crypto portfolio that included 940 units of bitcoin and 31,000 units of ether, making gains of US$79.63 million, the company said in a statement on Wednesday. Hong Kong-listed Meitu, whose apps let users touch up their photos, bought nearly US$100 million worth of the world’s two largest crypto tokens in March and April in 2021, it said.
The company had been disposing of its crypto holdings since last month, and sold all at an aggregate value of nearly US$180 million. Meitu no longer holds any bitcoin or ether, according to a filing to the Hong Kong stock exchange.
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Bitcoin’s march towards historic US$100,000 level stalls amid crypto investor caution
Bitcoin’s march towards historic US$100,000 level stalls amid crypto investor caution
The world’s largest cryptocurrency has climbed more than 130 per cent since the beginning of this year, breaking US$100,000 for the first time on Thursday morning, after Trump selected digital-asset proponent Paul Atkins to head the Securities and Exchange Commission.
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