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Latin America’s largest e-commerce platform, MercadoLibre, reported owning 412.7 BTC, valued at $29 million, according to its recent filing with the U.S. Securities and Exchange Commission (SEC). The revelation of the company’s Bitcoin holdings showcases its integration into the cryptocurrency market.
The SEC filing, which covered data as of March 31, highlights MercadoLibre’s participation in digital assets despite market volatility. The platform, known for its vast reach across the region, first ventured into the cryptocurrency space in 2021. Its significant Bitcoin holdings underline the potential role digital currencies play in the company’s financial strategy.
While traditional markets have fluctuated, MercadoLibre’s continued interest in Bitcoin reflects a broader shift toward digital currencies. The company appears to indirectly endorse Bitcoin, signaling its faith in the cryptocurrency’s long-term value amid rapidly changing financial landscapes.
