Mercado Libre announces investments in Mercado Bitcoin and Paxos, references in cryptocurrencies digital assets management
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: GlobeNewswire
Operation reinforces the company's presence in the crypto universe, boosting its development and adoption in the region.Paxos powers the Mercado Pago cryptocurrency transaction experience for its Brazilian users. MONTEVIDEO, Uruguay, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Mercado Libre (Nasdaq: MELI) acquired shares in the 2TM Group, parent company of MercadoBitcoin.com among others in its blockchain-based portfolio, and made a strategic investment in Paxos, a leading regulated blockchain infrastructure platform that powers the Mercado Pago cryptocurrency experience in Brazil. The investments, whose values were not disclosed, reinforce Mercado Libre's commitment to the development and use of crypto assets and blockchain technology in the region. With the investments, Mercado Libre also intends to stimulate the regional ecosystem, allowing it to offer increasingly relevant products and services to Latin American entrepreneurs and users, who are at the heart of its strategy.
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- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website