South America’s Largest E-Commerce Company Adds $7.8M Worth of Bitcoin to its Balance Sheet

Mercado Libre – the leading fintech and e-commerce company in Argentina – has joined other large corporations in holding BTC on its balance sheet. The institution revealed it purchased $7.8M worth of the cryptocurrency.
Another Company to Buy BTC
Purchasing the primary cryptocurrency and adding it to their balance sheets seems like a growing trend for many of the world’s largest companies lately. As revealed earlier this year, the electric vehicle giant Tesla, the payment firm Square, and the software company MicroStrategy were among the most recognizable names to enter the Bitcoin community by buying considerable amounts.
The latest to join the BTC bandwagon is the leading e-commerce organization in Latin America – Mercado Libre. The company filed a document with the SEC showing it has bought bitcoin worth $7.8 million in the first quarter of 2021. Mercado Libre, which trades under the initial of MEDI on Nasdaq, has a market capitalization of more than $76 billion.
The company

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