Mercado Libre buys bitcoins for its treasury

La E-commerce The most important market in Latin America, Mercado Libre, joins the list of large companies that have included bitcoin within their equity assets, in what they have called a treasury strategy, after having acquired 7.8 million dollars in bitcoins, from according to what is indicated by Cointelegraph.

Said announcement was made before the United States Securities and Exchange Commission (SEC), through the Mercado Libre Financial Results Report for the First Quarter of 2021, where in turn they indicated that they had losses of up to 15.1 million dollars, as a result of the great difficulty in the accessibility of the dollar through indirect mechanisms in Argentina, due to the restrictions imposed by said government for the purchase of dollars at the rate official exchange rate.

On the other hand, interest in the popular cryptocurrency is not limited to these latest actions, since recently the use of bitcoin has been enabled for the sale of real estate and real estate in the Argentine market, so it is not uncommon for Mercado Libre has joined companies such as MicroStrategy or Tesla that have shown their support for bitcoin by incorporating the cryptocurrency into their respective assets.

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Carlo palomino
Bachelor from the National University of San Marcos (UNMSM). With interest in Digital Law and New Technologies. I endorse the phrase: "Knowledge is useful as it is shared." Contact: carlo.palomino19@gmail.com

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