Nothing can beat Bitcoin, as many felt when it started escalating to new heights. Despite the volatile nature, the tendency of bitcoin to reach the highest point seems to be interesting. 
Image by Aaron Olson from Pixabay
In recent times, we have seen many companies investing big in Bitcoin. We heard about the story of Tesla that came up with huge money in terms of investing around 1.5 Billion USD in this domain, and so is the case with other companies as well that worked hard to bring bitcoin on their balance sheet. One such company was the e-commerce giant from Argentina called MercadoLibre that seemed to have allocated around 7.8 M USD of bitcoin, as the firm has revealed in the first quarter of the earnings and its result. If you do not know the company M L, it is nothing but the popular e-commerce portal in Latin America wherein around 170 Million Users in 2016 are seen getting involved in it.
The decision is to procure bitcoin while going in the earlier quarter, and the part of the company’s treasury strategy is seen with it. Although one can find the purchase of the company’s total assets worth 3.9 Billion USD that are seen adding up with yet another name that came like a popular trade seen in bitcoin called HODlers. The payment platform of the company is seen coming with bitcoin support as seen in 2015 as seen earlier last month when the company was seen coming up with the bitcoin along with the real estate platform. Thus it is fair to say that the adoption of bitcoin has come in a big way, and it is seen giving retail investors and institutions a new option.
By boosting up the number of groups as seen in the bitcoin, one can see the balance sheet with the diversity and their profiles are seen coming up with the largest e-commerce company from Latin America is playing the best part in this when it comes to investing in bitcoin. You can further explore their deal with bitcoin on the website called Bitcoin wallet. One can find big corporations to invest in this domain in a big way. We now see the company Mercado Libre holding bitcoin in a big way. The company seems to have put the huge money of around 7.8 M of bitcoin, and the company has brought forth in the filing of the company that has come under the platform called SEC. As per reports, the company procured the bitcoin in the first quarter, but they have not shared the details of the same about investing in terms of cost and the way it is executed.
Like the part of any treasury strategy, as one can find in this first quarter, one can see it procuring 7.8 million USD in bitcoin while the digital asset and that they have revealed the same. Now talking about the ecommerce company, it has several services to offer, which is the part of the largest player in Latin America in the field of ecommerce. Now, we see the company be among the top when it comes to the US market. It is listed high over the US, and thus you need to reason it while adding up the security along with the exchange commission report. The company seems to have come along with a good amount of benefits that are found in the first quarter this year. One can find some impressive figures coming up with different areas as seen inactive users.
There are many more groups, which the ecommerce company has embarked upon, and the leading companies are seen holding bitcoin over the balance sheet. Tesla, along with Microstrategy, was seen holding billions of dollars as far as bitcoin is concerned, where Mogo and Square were seen investing millions of dollars in the digital currency. The ecommerce company was seen joining the other companies that are seen over the balance sheet. Tesla, along with the microstrategy that is offering billions of dollars of money, whereas Mogo and Square are coming up with loads of money for bitcoin. The trend among the company has been increased in a big way. Let’s see how things would move.
