South China Morning Post: US clearance of Bitcoin and Ethereum may have improved due to photo and video editing applications
Meitu has previously sold about 31,000 Ethereum and 940 bitcoins. About 80% of the funds will be used to pay special dividends. According to the South China Morning Post, the relevant dividends will be paid in cash in June or July 2025, and the remaining proceeds will be used as Working Funds. It is reported that the United States wants to refocus on developing its core photo, video and design products. Meitu has been working hard to monetize its app for years, including trying to produce smartphones designed specifically for selfie lovers and turning its selfie app into a social media platform. Recently, related work seems to have greatly improved its performance. Meitu shares rose 3.15% to HK $2.95 (40 cents) in early trading on Thursday, down 65% from the 2016 listing price.