Meitu loses $2.6 million in 4-month cryptocurrency investment

Meitu announced the announcement of Meitu's investment in cryptocurrency on the Hong Kong Stock Exchange.

As the cryptocurrency market got very hot in March this year, I know that Meitu bought Bitcoin and Ethereum three times for a total of $100 million.

According to reports, Meitu purchased a total of 31,000 Ether and 940.89 BTC. Of these, the total value of Bitcoin is $49.5 million, with an average purchase price of $52,659. Ethereum will cost $50.5 million, with an average value of $1,629. After the purchase, Meitu does nothing for the Bitcoin and Ethereum account.

However, as the situation in the cryptocurrency market changed rapidly at the end of May, many tokens fell one by one. As a result, Meituan, which entered the market in March, was also seriously injured.

In its statement, Meitu announced that since June 30, Meitu's Bitcoin investment has lost $17.3 million. However, he earned $14.7 million in Ethereum. The two suffered a combined loss of $2.6 million.

Judging from these gains, Meitu's investment in cryptocurrencies is not as large as previously reported on the Internet and is at an all-time low.

But the process is not easy. In April, the cryptocurrency market hit all-time highs with Bitcoin and Ethereum hitting $65,000 and $4,200 respectively. Meanwhile, Meitu's highest annual revenue reached 800 million yuan. It's very good that he earned 800 million wins in just one month. Unfortunately, the good times don't last long. Two months later, Meitu went from profit to loss.

But the rich and powerful Meitu didn't care. Because Meitu will not rely on short-term estimates to bring benefits to the business. In the case of Bitcoin and Ethereum, Meitu remains confident and intends to hold out for a long time.

After taking the perfect shots of the melon, let's take a look at the home events.

Recently, under the influence of strict national regulation, the cryptocurrency industry is still undergoing new changes. Many domestic companies have embraced the concept of overseas expansion in a strong sense.

unexpected, really unexpected. The so-called decentralization of cryptocurrency is well eliminated from parts of China. Yesterday, a “risk warning against cryptocurrency trading activities” was imposed. The law was again announced to the market. Now, it is likely that any business dealing with cryptocurrencies will be banned in China.

This also means that all businesses dealing with cryptocurrency in the country will go overseas or out of the market. Leaders of Huobi, who are now famous for currency exchange, collection and travel, and important people from Huobi began to move overseas. The OK side is easier. Xu Mingxing planned to withdraw the Beijing Lekuda Company directly and set sail.

From restricting trade to abandoning trade to completely restricting it, the Chinese government has blocked almost every possible avenue for domestic cryptocurrency companies.

Despite our strict regulation of the cryptocurrency market, we support the development of blockchain technology.

A few days ago, the Ministry of Industry and Information Technology and the Chinese Cyberspace Bureau announced the "Guidelines for the Accelerated Operation of Blockchain Technology and Industrial Development".

"Information" emphasizes that blockchain technology is an integral part of new information technologies and is a new type of information software that integrates many technologies such as collaboration, cryptographic technologies and smart contracts. Through information transparency, non-falsification, and traceability, blockchain technology is expected to address trust and security issues in cyberspace, facilitate online exchanges through data transfer for cost allocation, and put up-to-date commercial information.

From a practical point of view, blockchain plays an important role in information technology and can be considered as the technological basis of the future of the Internet. In order to realize our country's long-term development in the blockchain industry, "Information" also highlights the development goals of the blockchain industry over the next 10 years. .

By 2025, the main strength of our country's blockchain industry will reach the global level, and the industry will begin to be supplemented. By 2030, the total strength of our domestic blockchain industry will continue to improve, and the commercial scale will continue to expand.

Different aspects of industry, data and finance provide a clear picture of ZF's behavior in the blockchain industry. Advances in blockchain technology require strong support, but funding for blockchain technology must be tightly controlled. That is, zf wants the string to be separated. Collect the chain and remove the parts. In other words, non-monetary blockchain is a future development of home-based blockchain companies.