Meitu Inc. Sells 31,000 Ethereum and 940 Bitcoin to Fund Special Dividend

On December 4th, COINOTAG News reported that Meitu Inc. has divested approximately 31,000 Ethereum and 940 Bitcoin from its cryptocurrency holdings. The decision underscores the company’s strategic approach to asset management in the volatile digital currency landscape. Meitu announced its intention to allocate around 80% of the proceeds from this substantial cryptocurrency sale towards a special dividend for its shareholders. This move reflects Meitu’s commitment to enhancing shareholder value while navigating the complexities of the crypto market. As institutional interest in digital assets continues to grow, this development positions Meitu as a significant player in the intersection of technology and finance. Stakeholders and investors are advised to monitor such corporate actions as they can influence market dynamics.