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.
