The largest E-commerce platform throughout the entire Latin American region has announced officially that it has acquired $7.8 million in Bitcoin over the last few months. In the first quarter of 2021 alone, the Mercado Libre has come by this exclusivity. They have reported this officially to the U.S Securities and Exchange Commission (SEC). They further reported this digital asset acquired will be going into their impalpable enduring assets.
Mercado Libre’s History with Bitcoin
The Argentine company was founded in the year 1999 and ever since its the major game player in the e-commerce market for the whole region. The firm is also incorporated all over the U.S exclusively on the Online market, online retailing, auction, and e-commerce.
Upon its latest credibility in purchasing $7.8 million in Bitcoin, Mercado Libre now ranks 36th public liability corporation to infuse Bitcoin into its assets.
It is now also the first company all over Latin America to incorporate Bitcoin.
With this portfolio, Mercado Libre now joins the Bitcoin holders club of corporates along with business tycoons such as Microstrategy, Tesla, and eBay, etc.
However,Mercado Libre lost the 35th rank in exactly a week though. Just a week before the renowned game developer based on Japan and South Korea, NEXON announced its purchase of 1717 Bitcoins, amounting to approximately $100 million!
Mercado Libre’s future plans with Bitcoin
Mercado Libre just doesn’t stop along with investments into Bitcoins. The popular e-commerce portal reported that from the end of April 2021 it enabled the purchase into real estate and its related business entities using Bitcoin in the Argentine market.
Furthermore, Mercado Libre’s former CEO and founder, Marcos Galperin has declared on several junctures that he’s been into the crypto business ever since 2013 buying Bitcoin personally. Many times throughout he put forward his views on the cryptocurrency economy in Latin America. Once he even stated that storing in Bitcoin has better value on the contrary compared to that in Gold.
Whatsoever all the major top corporates all over the world are now into the crypto industry either one way or the other. All are seeking potential growth through the industry which at the same time contributes towards the empowerment of the crypto industry. Thereby it’s a win-win situation for all!
