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Meitu, dubbed China’s MicroStrategy, liquidates entire Bitcoin and Ethereum holdings: Asia Express

  • Meitu, dubbed as China’s MicroStrategy, has liquidated its entire holdings of 940 Bitcoins and 31,000 Ethereums.
  • The move has sparked speculation about the reasons behind this decision, as South Korea considers legalizing corporate crypto buying.
  • Meitu's decision seems to be based on corporate specifications and allocation strategies rather than a reflection of Bitcoin's value.
  • While Meitu's sell-off may not signify the end of cryptocurrencies, it remains uncertain if other major companies will follow suit.

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