Globant Says It Bought Bitcoin in Q1

With the purchase, the Luxembourg-based company becomes the latest company to hold cryptocurrency on its balance sheet.

AccessTimeIconMay 29, 2021 at 1:03 p.m. UTC
Updated Sep 14, 2021 at 1:03 p.m. UTC

Information technology and software development firm Globant bought bitcoin in the quarter ended March 31, according to a company filing made this week with the U.S. Securities and Exchange Commission

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  • With the purchase, the Luxembourg-based firm becomes the latest company to hold cryptocurrency on its balance sheet, following in the footsteps of firms like MicroStrategy and Tesla.
  • At March 31, when the price of a single bitcoin was roughly around $58,000, Globant's holdings of the leading cryptocurrency was worth $500,000. Bitcoin is currently trading at about $34,000.
  • A spokesman declined to comment on what the company paid for each bitcoin.

CORRECTION (May 29, 22:00 UTC): Corrects amount of bitcoin purchased.
UPDATE (May 30, 00:06 UTC): Adds company spokesman declining comment.

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