Chinese Publicly Listed Company Meitu Buys Bitcoin (BTC), Ether (ETH) worth $40 Million

Publicly listed Chinese company Meitu adds bitcoin (BTC) and ether (ETH) to its balance sheet. Meitu Buys BTC, ETH worth $40 Million In an announcement made on March 7, Siming District-headquartered Chinese technology company Meitu announced that it had bought BTC and ETH worth $40 million. For the uninitiated, Meitu has been listed on Hong Kong Stock Exchange since December 2016. Specifically, Meitu purchased 380 BTC and 15,000 ETH at $47,105, and $1473, respectively. The first publicly listed Chinese company to buy cryptocurrencies, Meitu's decision to add the two largest cryptocurrencies to its balance sheet could potentially trigger a domino…