According to Cryptozorg, one of the companies that “want to avoid the risk of losing the ability of bitcoin to become the global digital reference” is Meitu.
The Hong Kong-based company said it recently acquired about 175 bitcoins for about $10 million.
The recent purchase adds to the previous 765 bitcoin and 31.000 ETH that the company had stored after the purchase it had made last March.
Meitu now owns more than $100 million worth of Bitcoin and Ethereum, completing its own goal in its “Cryptocurrency Investment Program”.
Meitu is one of the few listed Chinese companies to add bitcoin to its balance sheet, following the investment dance dragged on by companies such as Square and MicroStrategy.
The latter announced only on Monday, April 5th, that it bought bitcoin worth 15 million dollars and now holds 91.579 BTC.