Globant Says It Bought 500 Bitcoin in Q1

Globant Says It Bought 500 Bitcoin in Q1

Information technology and software development firm Globant bought 500 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.
  • Based on the recent price of bitcoin, that 500 of the leading cryptocurrency is worth a total of $1.75 million. The company didn't disclose what it paid for each coin.
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