E-Commerce Giant Mercadolibre Buys Bitcoins Worth $7.8 Million for Treasury
Mercadolibre Inc., Latin America’s leading e-commerce company with almost 70 million users on its marketplace, has bought bitcoins worth almost $8 million for its treasury. With this move, the company has joined a growing list of corporations with the cryptocurrency on their balance sheets. Mercadolibre Holds Bitcoin on Balance Sheet Mercadolibre Inc. reported its first-quarter financial results Wednesday declaring that the company is holding bitcoin on its balance sheet. An Argentine company incorporated in the U.S. that operates online marketplaces dedicated to e-commerce and....
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MercadoLibra, a publicly-traded e-commerce giant, disclosed a $7.8 million bitcoin purchase and plans to hold the BTC indefinitely.
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