MercadoLibre Hosts Bitcoin (BTC) in its Balance Sheet • Coinexc

Latin American-based fintech company MercadoLibre announced that it has Bitcoin (BTC) on its balance sheet.

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In the press release, in which the company announced the results of the first quarter of 2021, it used the following statements:

“We bought $ 7.8 million of Bitcoin this quarter as part of our treasury strategy.”

Although the company’s financial results cover segments up to March 31, 2021, it is unclear exactly when Bitcoin was purchased.

MercadoLibre joined a publicly traded company that announced that it had Bitcoin on its balance sheet. These companies include Square and Tesla.

MercadoLibre has a market value of more than $ 76 billion, according to Nasdaq trading under the acronym MEDI.

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