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Crypto Corner Podcast 566: Stocks discussed: (NasdaqGS: $EQOS) (OTC: $MEIUF) (NasdaqGS: $NCTY)

Diginex Selected by Treasury Management International for Crypto Transactions, Meitu Purchases Another $10M in BTC, and The9 Signs MoU for Bitcoin Mining Machines


Point Roberts, WA and Delta, BC - April 9, 2021 ( Newswire), a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

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Crypto Corner Podcast 566: Stocks discussed: (NasdaqGS: $EQOS) (OTC: $MEIUF) (NasdaqGS: $NCTY)


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Stocks discussed: (NasdaqGS:EQOS) (OTC:MEIUF) (NasdaqGS:NCTY)

Diginex Limited (NasdaqGS:EQOS) has been selected by corporate treasury publishing group Treasury Management International (TMI), to enable and facilitate the latter's cryptocurrency transactions. According to the press release, this is "part of a wider study into the practical applications of crypto assets for corporate treasurers." TMI's CEO, Robin Page, said:

"We are excited to be working with Diginex to explore the benefits and opportunities for treasurers to diversify their armoury of investment and payment instruments. And how better to gain insight into the real world experience of crypto assets than by accepting them ourselves? We chose Diginex, a Nasdaq-listed company, to partner with as a reflection of dedication to fair and transparent markets as well as institutional grade infrastructure. We plan to offer selected FinTech's and Banks wishing to explore crypto assets the opportunity to pay TMI with bitcoin, which we will in turn hold as our own treasury asset."

Hong Kong tech company Meitu, Inc. (OTC:MEIUF) now has cryptocurrency holdings of approximately $100 million, following the purchase of an additional $10 million in Bitcoin (BTC) today. Specifically, the $10 million in Bitcoin was acquired by Meitu HK, the wholly-owned Hong Kong subsidiary of Meitu, Inc. The following excerpt from the purchase announcement outlines the company's position on crypto:

"...the Board believes cryptocurrencies have ample room for appreciation in value and by allocating part of its treasury in cryptocurrencies can also serve as a diversification to holding cash (which is subject to depreciation pressure due to aggressive increases in money supply by central banks globally) in treasury management. More importantly, the Board considers this a demonstration to investors and stakeholders that the Group has the vision and determination to embrace technological evolution, and hence preparing its foray into the blockchain industry."

The9 Limited (NasdaqGS:NCTY) has signed a Memorandum of Understanding (MOU) to purchase Bitcoin mining machines by the issuance of Class A ordinary shares. This will include 2,000 units of AvalonMiners with a total hash rate of approximately 100PH/S. According to the press release, The9 has also completed the signing of definitive agreements for 12,246 units of Bitcoin mining machines with a total hash rate of approximately 288PH/S.

Sam Mowers, Investorideas

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