Information Technology Giant Globant Purchases $ 500,000 Worth of Bitcoin (BTC)


The last major company to add Bitcoin to its balance sheet was information technology giant Globant.

The last major company to add Bitcoin to its balance sheet was information technology giant Globant. 

Globant is an information technology and software development group of companies founded in 2003 and headquartered in Argentina. It has more than ten offices around the world, including the UK, UK, Brazil, India, Mexico, Spain and more.

According to a recent file with the US Securities and Exchange Commission, Globant “purchased a total of [$ 500,000] of crypto assets consisting of only Bitcoin.” The allocation took place in the first quarter of 2021, and the company added the BTC investment to its portfolio of “intangible assets” . 

Thus, the IT giant has joined many other large companies that have added BTC to their balance sheet in recent months.

Probably the most pro-Bitcoin company was MicroStrategy. The company, which is in the NASDAQ, made its first purchase in August 2020 and gradually concentrated its savings. As of now, there are more than 90,000 Bitcoins in Michael Saylor’s company MicroStrategy. 

Other notable names that followed include MassMutual and One River Asset Management. Even Elon Musk’s Tesla had joined the Bitcoin caravan by allocating $ 1.5 billion in January 2021 . Despite some controversy, the electric car maker still holds most of the BTC position.

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