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Latin America’s largest e-commerce platform adds $ 7.8 million Bitcoin to its treasury

Latin Americas largest e commerce platform adds 78 million Bitcoin
Latin Americas largest e commerce platform adds 78 million Bitcoin

Mercat Lliure, the largest e-commerce platform in Latin America, announced to the US Securities and Exchange Commission. UU. (SEC) which acquired $ 7.8 million in Bitcoin in the first quarter of 2021. The report states:

“As part of our treasury strategy this quarter we bought $ 7.8 million in Bitcoin, a digital asset that we are revealing within our intangible assets of indefinite life.”

The purchase makes the Argentine company the first major Latin American company to acquire Bitcoin for its treasury and sees it join an exclusive club of companies such as MicroStrategy and Tesla, which have previously announced to the authorities the ownership of BTC within its assets.

Last week, the major Japanese game developer Nexon announced that it had bought 1,717 BTC for its balance sheet at a cost of approximately $ 100 million. The free market announcement makes it the 36th listed company to hold Bitcoin according to Bitcoin Treasury bonds. Free Market is listed on the Nasdaq as MELI.

The free market bet for Bitcoin

Beyond the formal announcement, the relationship of the popular e-commerce portal with Bitcoin is not new. As already reported by Cointelegraph in Espanyol, in late April enabled the use of Bitcoin for its real estate verticals in the Argentine market.

In addition, Marc Galperín, founder and former free market CEO, has already publicly announced on several occasions that he has owned Bitcoin in his personal portfolio since 2013, and has also expressed a variety of bullish views on the ecosystem. of digital currency in Latin America. even claiming that he saw Bitcoin as a better reserve of value than gold.

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