Chinese company Meitu bought another 386 BTC and 16000 ETH

According to a statement on Wednesday, the Chinese public company Meitu acquired 16,000 ethers on the open market for $ 28.4 million and about 386 BTC for $ 21.6 million.

The document indicates that this purchase was made through the subsidiary company Miracle Vision. Purchase orders were opened and closed on March 17, 2021.

The new purchase took place exactly ten days after Meitu bought 15,000 ethers for $ 22.1 million and about Z79 BTC for $ 17.9 million.

By the end of March 17, bitcoin was trading at about $ 55,588, which is 10% lower than the peak of $ 61,700 from March 1. Ether traded for just under $ 1800, or 12.3% below its ATH in $ 2042 from February 20.

Meitu's predecessor Cai Wensheng repeated hisan optimistic thesis about the fact that the technology of the blockchain can destroy both the existing financial and technical sectors, as well as the intent. This also became the reason for investment in digital assets.

The management of the company believes that the industryblockchains are found at the early stage of their development, and cryptocurrencies have sufficient capabilities to increase the cost. By transferring some of their orders to cryptoassets, the company follows the idea of ​​money diversification.

According to them, bitcoin is a means of saving and effective hedging from fiat currency depreciation, and ether is the preparation of a Means for introducing induction.

A group consisting of Meitu and her subsidiarieskompany, takzhe otsenivaet vozmozhnoct integpatsii texnology blokcheyn in pazlichnye zapubezhnye ppedppiyatiya, zapuck detsentpalizovannyx ppilozheny nA ocnove Ethereum and oppedelenie podxodyaschix zapubezhnyx blokcheyn-ppoektov for potentsialnyx invectitsy.

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