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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.
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
STORY CONTINUES BELOW
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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.
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
