According to The Block, a media specialized in cryptocurrency, May2 said it had purchased 379.12 BTC for 17.9 million dollars (20.2 billion won) and 15,000 ETH for 22.1 million dollars (24.9 billion won) through public disclosure. “This purchase was made in accordance with the cryptocurrency investment plan previously approved by the board of directors, and the May2 group can purchase cryptocurrencies worth up to 100 million dollars (1131 billion won) with existing payment reserves,” said May2. .
Founded in 2008, May2 is one of the most popular mobile apps in China, with a market capitalization of 11.7 billion Hong Kong dollars (1,705 trillion Korean won). As of last year, it has 2.5 billion yuan (KRW 4346 billion) in cash and financial liquidity reserves, and recorded 295 million users per month.
According to The Block, May2’s chairman and co-founder Chai Won-sheng is a famous pro-Bitcoin person who said in an interview in 2018 that “I personally bought 10,000 bitcoins.”
Maytu is also the first listed company in China to hold bitcoin as part of its financial management. Previously, Nasdaq-listed companies such as Square, Tesla, and MicroStrategy bought bitcoin for corporate assets.
May2 also summarized and introduced various applications such as games, social media, and art collections built on the Ethereum protocol to shareholders according to Ethereum investment. The company said, “Currently, we are not only integrating blockchain technology into various overseas businesses such as launching Ethereum-based DApps, but also evaluating overseas blockchain-based projects that are potentially suitable for investment.” “You can perform both activities.” Said.