Chinese giant Meitu invested $ 40 million in BTC and ETH

Technology giant from China, Meitu Corporation, whose shares are traded on the Hong Kong Stock Exchangeexchange, announced that it had purchased 379.1 bitcoins for a total of $17.9 million and 15 thousand Ethereum for a total of $22.1 million. The transaction was carried out on March 5 on the open market.

These transactions were carried out as part of the implementation of a corporate strategy for investing in cryptocurrencies. This strategy has been adopted by the Meitu Board of Directors and in accordance with itthe corporation plans to buy digital assets for another $ 60 million... The financial sources of such transactions are determined by the cash reserves shown on the balance sheet of the organization, as well as proceeds from the sale of Meitu securities during the IPO.

It is noteworthy that Meitu has investedmore funds in Ethereum than Bitcoin. If you look at the market dynamics over the past two weeks, you can see that Ethereum was at a local minimum on March 5, judging by the ETH / BTC pair, but not at the very “bottom”.

*sigh* aite then ethbtc nuked while i slept but its cool coz my ada short close bids filled jeez

hey, atleast we are near technical support now ??? pic.twitter.com/OPePswZLIw

- loomdart (@loomdart) March 5, 2021

In any case, the Meitu purchase demonstrates thatThe company has joined those investors in the market who see great potential for Ethereum price growth thanks to the growing popularity of DeFi (decentralized finance). Meitu does not exclude the possibility of using Ethereum to carry out its operations in DeFi, and may also use such digital assets when possibly considering its entry into infrastructure projects of decentralized finance.

Meitu also spoke about herinvestment in cryptocurrency # 1, explaining that he considers "bitcoins as an alternative financial option for storing value, while the price of bitcoin is largely a function of the future demand for this asset."

The company also reported that the organization’s management views distributed ledger technology as an innovation that will greatly transform the financial sector, as well as the IT sector, andcompares blockchain with the changes caused by the emergence of the mobile Internet... At the same time, the Board of Directors believes that the blockchain sector is now at the very beginning of its development - exactly as in 2005 the mobile Internet just began to gain popularity.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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