Meitu, the Chinese app invests in Bitcoin and Ethereum

Bitcoin Ethereum News The Chinese app Meitu has bought Bitcoin and Ethereum . To be precise, the company that develops one of the most widely used photo and video editing applications bought $22.1 million in Ethereum and $17.9 million in Bitcoin on March 5th. The official press release states that 15,000 ETH and 379 BTC were purchased. The purchase followed the approval of a cryptocurrency investment plan by the board of directors. Overall, Meitu plans to purchase a total of $100 million in cryptocurrencies . The purchase is possible thanks to the cash reserves and what remains from the IPO….