Meitu, a tech firm known for a popular photo-editing app, said Sunday that it bought some $40 million worth of cryptocurrency. That includes about $18 million worth of bitcoin and more than $22 million worth of etherium.
“Cryptocurrencies have ample room for appreciation in value,” the company said in a filing to the Hong Kong stock exchange.
Meitu added that buying the cryptocurrencies helps the company diversify its cash holdings, and said it showed that the firm wants to “embrace…
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