Meitu, a China-based software development company, has invested another £35.8 million in Bitcoin (BTC) and Ethereum (ETH). A report revealed this news on March 18, noting that this purchase has increased its crypto holdings to £64.45 million. According to reports, the company bought 386.08 BTC for £15.5 million and 16,000 ETH for around £23.3 million.
This is the company’s second crypto purchase this month. On March 5, Meitu, listed in China and Hong Kong, made its first investment in the crypto space, buying 15,000 ETH for £15.11 million. On the same day, the company bought 378 BTC for £12.83 million. As such, Meitu now owns approximately 31,000 ETH and 764.08 BTC.
According to Meitu, cryptocurrencies are still in the early stages of their growth. However, blockchain has already shown its potential to become a disruptive tool in the current financial and technology sectors.