How much has Meitu made from buying Bitcoin?

Meitu is a publicly listed company in Hong Kong, which began purchasing cryptocurrencies in the first quarter of 2021.

On March 5, 2021, Meitu announced that it had purchased $22.1 million worth of Ethereum and $17.9 million worth of Bitcoin in open market transactions.

On March 17, Meitu announced again that it had purchased $28.4 million worth of Ethereum and $21.6 million worth of Bitcoin. On April 8, further purchases were made. Its total purchases amounted to approximately 31,000 Ethereum and 940.89 Bitcoin, with total prices of $50.5 million and $49.5 million, respectively, for a total cost of $100 million.

On December 4, 2024, Meitu stated that all 31,000 Ethereum and 940.89 Bitcoin had been sold, with total cash proceeds of approximately $100 million and $80 million, respectively, resulting in a profit of about $79.63 million (equivalent to approximately 571 million yuan).

Meitu invested a principal of $100 million, over a period of 3 years, making a profit of 80%, all while enduring significant volatility and withstanding numerous pullback pressures, achieving this return.

To make a target of 1 Bitcoin, one must first put out a capital of 1 Bitcoin. Do retail investors have that? No. Then can they withstand these pullback pressures? Difficult.

If one wants to use a little capital to hedge against risks and achieve some appreciation, Bitcoin is definitely the best choice, applicable to both institutions and retail investors.

Before 2016, if the stakes were high enough, it was possible to achieve financial freedom; those who have achieved financial freedom in recent years through cryptocurrency trading were certainly not Bitcoin, but rather stories of wealth from memes continuously circulating. Is the next narrative that has strong popularity, p͢u͢p͢p͢i͢e͢s͢, going to break out and tell another legend?

#圣诞行情分析 #市场调整後的机会？ #萨尔瓦多将“加速”增持BTC #meme板块关注热点 #马斯克概念 $BTC $ETH $BNB