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 auctions, Mercadolibre is listed on Nasdaq under the ticker symbol MELI. As of Wednesday, its market cap was $76.3 b ... Read more »

Category: News | Views: 184 | Added by: 4zvezda | Date: 06.05.2021 | Comments (0)

Bitcoin whales have accelerated the transfer activity of the world’s most valuable digital currency. According to the latest data published by crypto analytics and blockchain tracking platform, Whale Alert, a large BTC address moved 19,000 Bitcoin to an unknown crypto wallet.

The total value of the transaction currently stands at around $1.1 billion. The transfer was executed on 5 May at 19:38 UTC. The mentioned Bitcoin transaction was recorded on blockchain.com.

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The movement of large BTC amounts has increased since the start of this year amid a surge in the price of Bitcoin. The cryptocurrency is up by nearly 90% over the last ... Read more »

Category: News | Views: 128 | Added by: danyagames2007 | Date: 06.05.2021 | Comments (0)

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