Meitu cashes out $180M in cryptocurrency

Chinese technology company Meitu, known to hold a large amount of cryptocurrency, has decided to cash out a total of $180 million worth of crypto, including 31,000 Ether (ETH) and 940 Bitcoin (BTC), Bitget reported. About 80% of this will be used to pay out special dividends. Meitu had previously announced that it would stop investing in cryptocurrency.