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South China Morning Post: U.S. liquidation of Bitcoin and Ethereum may have improved due to performance of photo and video editing applications
Editor
2024-12-05 14:32 4,192
Golden Finance reports that Meitu has previously sold approximately 31,000 Ethereum and 940 Bitcoin, of which approximately 80% will be used to pay special dividends. According to the South China Morning Post, the relevant dividends may be paid in June or July 2025. Monthly payments are made in cash and the remaining proceeds are used as working capital. It is reported that the United States hopes to refocus on developing its core photo, video and design products. Meitu has been trying to monetize its app for years, including trying to produce smartphones designed for selfie lovers and turning its selfie app into a social media platform, and recent efforts appear to have significantly boosted its performance. Tu stock price rose 3.15% to HK$2.95 (40 cents) in early trading on Thursday, down 65% from its listing price in 2016.
Keywords: Bitcoin
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