Latin American e-commerce platform Mercado Libre reveals it previously held more than $40 million in cryptocurrencies
Mercado Libre, the largest e-commerce platform in Latin America, disclosed that it holds over $40 million worth of cryptocurrency in its Q1 2024 filing. The company revealed that as of March 31, it holds 412.7 BTC and 3,041.6 ETH. However, Mercado Libre does not own these assets, according to its Chief Information Officer Richard Cathcart, who explained that the company liquidated its cryptocurrency in 2023. Cathcart claimed that the filing reflects the fact that the company provides services for users to buy, hold, and sell cryptocurrency, but currently does not hold any such currency itself.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Almost 90% ot Airdrop Tokens Crash Within Three Months
Announcement on Resumption of FTM Network Deposit and Withdrawal Services
We are pleased to announce that FTM network deposit and withdrawal services are available again on our platform. We apologize for any inconvenience caused during the suspension period! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter
$10 – $20 RIO ATH Price Possibility Comes Into Play as Bullish Inverted Head and Shoulders Pattern Forms
$66,000 BTC Price Nears as Bulls Take Full Control, Bitcoin Races Towards Next $68,000 Crucial Resistance Level
Trending news
MoreCrypto prices
More
