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HomeCryptoBTC ETH additional purchase of May2, total cryptocurrency value of $100 million

BTC ETH additional purchase of May2, total cryptocurrency value of $100 million

May2o recently bought additional bitcoins and currently holds $100 million in BTC and ETH.

By Meitu-https://www.meitu.com/en, Public Domain, https://en.wikipedia.org/w/index.php?curid=67156700

According to Cointelegraph, a cryptocurrency media outlet on the 9th (local time), China’s leading beauty app software company May2, listed on the Hong Kong Stock Exchange, recently added bitcoin (BTC) and Ethereum (ETH), showing a steady buying trend. have.

After May2 announced the purchase of an additional $10 million worth of BTC on the 8th (local time), the total value of the cryptocurrency it has reached about $100 million.

May2HK, a Hong Kong subsidiary of May2, a Cayman Islands subsidiary, acquired bitcoin 175.67798279 BTC for 10 million dollars, and the price per piece is around 57,000 dollars, and the purchase price is expected. It is reported that this purchase was made using the existing cash reserves based on the open market spot price.

Last month, Maytwo additionally bought BTC and ETH, and held a total of 90 million dollars worth of cryptocurrencies. As a result, the company now holds $49.5 million worth of BTC and $50.5 million of ETH, following the most recent purchase.

The company previously stated that it was not possible to make a previous purchase without the help of Coinbase, a cryptocurrency exchange based in the United States. In this release, there was no mention of Coinbase, but the exchange was responsible for the investment processing of other corporations such as MicroStrategy in the past.

In this release, we compared the potential impact of cryptocurrency with that of the mobile Internet, revealing the reasons for increasing bitcoin holdings.

“The board believes that blockchain technology has the potential to transform both the existing financial and technology industries, similar to the way the mobile Internet has rearranged many offline industries, including the PC Internet.”

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