On Wednesday (May 5), MercadoLibre, Inc. (NASDAQ: MELI), the Argentinian company that operates marketplaces throughout Latin America, mentioned Bitcoin as part of its Q1 2021 earnings report.
The Latin American e-commerce giant, which is headquartered in Buenos Aires, Argentina, said in the Form 8-K that it filed with the U.S. Securities and Exchange Commission (SEC) yesterday that its “net income before taxes was $9.5 million, up from a loss of $16.7 million during the first quarter of 2020.”
As far as Bitcoin is concerned, MercadoLibre disclosed the following information:
“As part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.”
Last week, the company announced that it had updated its online marketplace in Argentina so that it is now possible to go to a page within the real estate section of the site to see properties that can be purchased with Bitcoin.
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