Globant Says It Bought Bitcoin in Q1

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

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.