{"id":40424,"date":"2021-04-08T19:07:28","date_gmt":"2021-04-08T16:07:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40424"},"modified":"2025-08-30T14:04:00","modified_gmt":"2025-08-30T11:04:00","slug":"meitu-makes-a-further-10-million-investment-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/meitu-makes-a-further-10-million-investment-in-bitcoin\/","title":{"rendered":"Meitu makes a further $10 million investment in Bitcoin"},"content":{"rendered":"<p>Meitu, the Hong Kong-listed photo-editing software developer, bought about 175 BTC for $10 million, according to the company&#8217;s documents.<\/p>\n<p><!--more--><\/p>\n<p>On 5 March, Meitu announced that it had bought on the open market <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-listed-meitu-invests-40m-in-bitcoin-and-ethereum\">15,000 ETH and 379.12 BTC<\/a> for $22.1 million and $17.9 million respectively.<\/p>\n<p>On 17 March, the subsidiary Miracle Vision bought <a href=\"https:\/\/u1f987.com\/en\/news\/chinese-public-company-meitu-increases-investment-in-bitcoin-and-ethereum-to-89-million\">16,000 ETH and 386.08 BTC<\/a> for roughly $28.4 million and $21.6 million. To convert cash reserves into cryptocurrency, the firm <a href=\"https:\/\/u1f987.com\/en\/news\/meitu-taps-coinbase-for-89-million-in-bitcoin-and-ethereum-purchases\">used the services<\/a> of Coinbase&#8217;s brokerage arm.<\/p>\n<p>According to journalist Colin Wu, the latest deal also involved an American company.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Meitu, an photo editing app company in China, once again purchased 10mln dollars in Bitcoin through Coinbase, and completed the purchase of 100 mln in Bitcoin and Eth. But Meitu&#8217;s stock price did not rise as a result. Other companies in Asia and China did not follow up.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1380181718921965569?ref_src=twsrc%5Etfw\">April 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The developer&#8217;s total investments in the two largest digital assets by market capitalization reached $100 million.<\/p>\n<p>In April, MicroStrategy, a provider of analytics software, bought around <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-makes-a-further-15-million-investment-in-bitcoin\">253 BTC for $15 million<\/a>. In total, the company owns 91,579 BTC worth $2.22 billion.<\/p>\n<p  style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\">   <a title=\"View 2021040802161 on Scribd\" href=\"https:\/\/www.scribd.com\/document\/502086297\/2021040802161#from_embed\"  style=\"text-decoration: underline;\" >2021040802161<\/a> by <a title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\"  style=\"text-decoration: underline;\" >ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"2021040802161\" src=\"https:\/\/ru.scribd.com\/embeds\/502086297\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-20k7QYf60KvoVHUnPaPr\" data-auto-height=\"false\" data-aspect-ratio=\"0.707221350078493\" scrolling=\"no\" id=\"doc_74290\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meitu, the Hong Kong-listed photo-editing software developer, bought about 175 BTC for $10 million, according to company documents.<\/p>\n","protected":false},"author":1,"featured_media":40425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52],"class_list":["post-40424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40424"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40424\/revisions"}],"predecessor-version":[{"id":40426,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40424\/revisions\/40426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40425"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}