Wu Blockchain a popular Chinese journalist commented Sunday on Meitu’s deal saying: “The first Chinese listed company to buy a large amount of Bitcoin appeared. Photo-retouching software company Meitu announced that it would buy Bitcoin and Ethereum for $40 million. The company founder was criticized for issuing multiple ICOs in 2017.”
If more public companies in Asia start following U.S. financial institutions and invest in Bitcoin, the cryptocurrency exchange market will see an influx in new capital.
