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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.
Updated Sep 14, 2021, 1:03 p.m. Published May 29, 2021, 1:03 p.m.
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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