Meitu Cryptocurrency Sale Yields $79M for Special Dividends

Key Points:

• Meitu Cryptocurrency Sale yielded $79.63M profit, selling 31k ETH and 940 BTC, with 80% of proceeds set for special dividends.
• Meitu Cryptocurrency Sale signals a strategic shift as the Hong Kong-listed firm divests crypto assets for shareholder returns.

Meitu Cryptocurrency Sale earns $79M from 31k ETH and 940 BTC, allocating 80% of proceeds to special dividends, marking a major financial move.

Meitu Cryptocurrency Sale Generates $79M in Profits

Technology company Meitu, listed in Hong Kong, made $79.63 million selling its entire cryptocurrency holdings, including 31,000 ETH and 940 BTC. The company said it will pay 80% of earnings as special dividends to shareholders to boost investor value.

With this purchase, Meitu stops retaining digital assets and starts investing. The company’s choice supports its bigger goal of controlling liquidity and exploiting early crypto investment returns for shareholder advantages, according to Meitu.

Read more: Meituan Founder Joins Artificial Intelligence Startup In A-Round Investment

Meitu Cryptocurrency Sale Highlights Strategic Divestment

Meitu Cryptocurrency Sale’s latest income exceeded $79 million, including ETH and BTC ownership. To reward its owners, Meitu allocates 80% of profits to special dividends, optimizing crypto advantages.

Since Meitu shifted from digital asset investments to shareholder investing, this step highlights its changing priorities. Sell to depart the volatile crypto market with cash gained from previous purchases.