Some opinions on domestic listed companies publicly buying Bitcoin

Some opinions on domestic listed companies publicly buying Bitcoin

Let me start with some good news. According to Sina Finance:

1: Meitu purchased 15,000 units of Ethereum and 379.1214267 units of Bitcoin in open market transactions on March 5, with a total consideration of approximately US$22.1 million and US$17.9 million, respectively.

2. Global major asset classes and their relationship with Bitcoin and Ethereum.

3: Let me show you a few pictures first. The world's high-quality assets are falling, so why is Bitcoin rising?

4. Simple analysis of the market trend

Meitu said that the purchases were made in accordance with a cryptocurrency investment plan previously approved by the company's board of directors, pursuant to which Meitu could purchase cryptocurrencies with a net value of no more than US$100 million, with the funds mainly coming from Meitu's existing cash reserves.

The founder of Meitu XiuXiu is Cai Wensheng, an early player in our currency circle. He bought various ICO currencies in 2017 jrx003434.

Today, four years later, he finally convinced the board of directors to take the lead in promoting Bitcoin.

Meitu's board of directors highly recognizes blockchain technology. They believe that blockchain technology has the potential to disrupt the existing financial and technology industries, similar to how mobile Internet disrupted PC Internet and many other offline industries. At present, the blockchain industry is still in its early stages, similar to the mobile Internet industry around 2005.

Therefore, Meitu’s Board of Directors concluded that cryptocurrencies have sufficient room for appreciation, and that by allocating part of its cash reserves to cryptocurrencies at this time, it can be used to diversify the risks of holding cash in fund management, such as the depreciation pressure caused by the global central banks' substantial increase in money supply in fund management.

At the same time, Meitu's board of directors believes that by purchasing digital currency, it can demonstrate to investors and stakeholders Meitu's ambition and determination to embrace technological innovation, thereby preparing to enter the blockchain industry.

After the announcement, Cai Wensheng, chairman of Meitu, said in his WeChat Moments, "Meitu continues to deploy blockchain, and this time purchased ETH and BTC jrx003434 digital currencies as value reserves for the long-term development of blockchain strategies." At the same time, he also mentioned in his comments, "Someone has to be the first to try it. This should be considered the first Hong Kong listed company to purchase BTC digital currency, and also the first listed company in the world to use ETH Ethereum as a currency value reserve."

Inspiration from Meitu’s public purchase of Bitcoin and Ethereum

Major listed companies around the world are buying Bitcoin.

The SEC will most likely approve Bitcoin ETFs or similar financial derivatives this year, allowing all Americans to start speculating in Bitcoins. Now, everyone in the United States is speculating in stocks. Let the American leeks hold Bitcoin first.

2. Global major asset classes and their relationship with Bitcoin and Ethereum.

3: The world's high-quality assets are falling, but Bitcoin is rising.