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Latin American e-commerce platform MercadoLibre revealed that it previously held more than $40 million in Crypto Assets

Mercado Libre, Latin America’s largest e-commerce platform, disclosed that it holds more than $40 million in Crypto Assets, according to its Q1 2024 filings. The company disclosed that as of March 31, it held 412.7 BTC and 3,041.6 ETH. However, Mercado Libre does not own these assets, and its CIO Richard Cathcart explained that the company has liquidated its Crypto Assets in 2023. Cathcart claims that this document reflects the fact that we offer to buy, hold, and sell services to our users. But at the moment, we don’t have this kind of coin ourselves.

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