{"id":42001,"date":"2021-05-06T10:47:20","date_gmt":"2021-05-06T07:47:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42001"},"modified":"2025-08-30T21:17:39","modified_gmt":"2025-08-30T18:17:39","slug":"latin-americas-largest-online-trading-platform-invests-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/latin-americas-largest-online-trading-platform-invests-in-bitcoin\/","title":{"rendered":"Latin America&#8217;s largest online trading platform invests in Bitcoin"},"content":{"rendered":"<p>Nasdaq-listed Argentine company Mercado Libre purchased Bitcoin worth $7.8 million in Q1 2021.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">In an SEC filing minutes ago, MercadoLibre (Nasdaq: MELI), based in Argentina, stated:<\/p>\n<p>\u00abAs part of our treasury strategy this quarter we purchased $7.8 million in bitcoin.\u00bb<\/p>\n<p>A South American company protecting itself in terms of currency\u2026<\/p>\n<p>Filing:<a href=\"https:\/\/t.co\/Wnb3Ilz7Id\">https:\/\/t.co\/Wnb3Ilz7Id<\/a><\/p>\n<p>\u2014 MacroScope (@MacroScope17) <a href=\"https:\/\/twitter.com\/MacroScope17\/status\/1390038083941318656?ref_src=twsrc%5Etfw\">May 5, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The largest operator of e-commerce marketplaces and online auctions in Latin America disclosed this in a filing with the U.S. Securities and Exchange Commission.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abAs part of our cash-management strategy this quarter, we purchased $7.8 million of Bitcoin, a digital asset that we disclose as part of our indefinite-lived intangible assets,\u00bb the report says.<\/p>\n<\/blockquote>\n<p>Mercado Libre became the first publicly traded company in the region to convert part of its reserves into Bitcoin.<\/p>\n<p>The pioneer among exchange-listed companies converting capital into Bitcoin was American MicroStrategy. In August 2020, the firm <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">converted $250 million<\/a> of its own funds into digital gold.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin Treasuries<\/a>, the company owns 91 579 BTC worth more than $5.2 billion at the time of writing.<\/p>\n<p>Following MicroStrategy&#8217;s example were <a href=\"https:\/\/forklog.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">Tesla <\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/square-invested-50-million-in-bitcoin\">Square <\/a> in the U.S., <a href=\"https:\/\/forklog.com\/en\/news\/uk-listed-fintech-mode-becomes-first-british-public-company-to-move-part-of-its-capital-into-bitcoin\">Mode<\/a> in the United Kingdom, <a href=\"https:\/\/forklog.com\/en\/news\/canadian-listed-fintech-mogo-to-invest-up-to-1-5-million-in-bitcoin\">Mogo <\/a> in Canada, and <a href=\"https:\/\/forklog.com\/en\/news\/norways-oil-magnates-company-eyes-bitcoin\">Seetee <\/a> in Norway.<\/p>\n<p>As a reminder, the Chinese public company Meitu decided <a href=\"https:\/\/forklog.com\/en\/news\/hong-kong-listed-meitu-invests-40m-in-bitcoin-and-ethereum\">to use as reserves<\/a> not only Bitcoin, but also Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed Argentine company Mercado Libre purchased Bitcoin for $7.8 million in Q1 2021.<\/p>\n","protected":false},"author":1,"featured_media":42002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52],"class_list":["post-42001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42001"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42001\/revisions"}],"predecessor-version":[{"id":42003,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42001\/revisions\/42003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42002"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}