Chinese selfie app operator Meitu, one of a few Hong Kong-listed companies to publicly disclose crypto investments, said it has sold all of its cryptocurrency holdings, netting nearly US$80 million just ahead of bitcoin’s price surge past US$100,000.
As of December 4, Meitu had sold its crypto portfolio that included 940 units of bitcoin and 31,000 units of ether, making gains of US$79.63 million, the company said in a statement on Wednesday. Hong Kong-listed Meitu, whose apps let users touch up their photos, bought nearly US$100 million worth of the world’s two largest crypto tokens in March and April in 2021, it said.
