While China-based technology company Meitu stated that it would increase its focus on artificial intelligence technology, it did not approach cryptocurrencies with the same enthusiasm.
Meitu, which is registered on the Hong Kong stock exchange, is giving up its cryptocurrency investments. Mito’s Communications and Marketing Manager Kang Yi-chong In the statement made by the company, it was stated that they attach more importance to artificial intelligence technology in order to adapt to changing macroeconomic conditions. they are thinking of selling cryptocurrencies place was given.
Kang, company 2021He emphasized that he stopped his cryptocurrency purchasing activities after . Purchases at that time strategic He said it was done for reasons but the company has done nothing since. He highlighted that the company’s strategic focus is now on video production and artificial intelligence.
Company 2021 In total in 100 million dollars worth Bitcoin (BTC) And Ethereum (ETH) had made the investment. Recent statements indicate that the company will not acquire any more cryptocurrencies and A sales move will come at the right time clarified.
Meitu invests $100 million in cryptocurrencies of March He did it at the beginning. At that time, Bitcoin was around 50 thousand dollarsif Ethereum $1,800 was at the level. When comparing the current prices with the levels at which the company purchases, the difference in Bitcoin investment 45%in Ethereum investment 13% loss is seen. of the company 35 to 40 million It is thought to have a loss of $100,000.