Meitu invested $ 40 million in Btc and Eth

The Chinese company Meitu with a market value of $ 12 billion has announced that it has purchased 380 Bitcoin (BTC) worth $ 40 million and 15,000 Ethereum (ETH). Meitu stated that it is making purchases using its cash reserves. Also, Meitu stated that he bought 15,000 ETH for $ 22.1 million and 380 BTC for $ 17.9 million.

Meitu recently announced that it will buy $ 100 million in cryptocurrency. They have made a transaction of $ 40 million now, they will probably invest another $ 60 million in the coming days. There is a reason I think he has invested more than Btc in Eth. I think they're probably working on a decentralized apps (dApps).

Meanwhile, Cai Wensheng, the founder of the company, announced in an interview in 2018 that he personally owned 10 thousand BTC.

As I wrote before, many institutional companies are considering investing in the crypto money market, probably these numbers will increase. Next investor? Netflix? Apple? Google?