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.
Disclosure
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.