Mercado Libre, an e-commerce store born in Argentina, recently acquired 157.7 Bitcoin (BTC). Thus, the company founded by Marcos Galperin has accumulated 570.4 BTC in the Ministry of Finance as a reserve asset.
This information was known through financial balances presented by the company cited on the Nasdaq before the US Securities and Securities Commission (SEC). There were no statements or announcements through official channels. That is, the purchase was recorded as another fact in the report corresponding to the first quarter of 2025, published on May 7th.
Unlike the way Mercado Libre acted, this type of movement generally involves an official statement. Because these are strategic investments. Therefore, it is common for companies to acquire BTC, which creates media impact and attracts attention from both the Bitconner community and traditional markets.
This needs to be clear This is the second time Mercado Libre has invested in Bitcoin. As reported by Cryptonotics, the company first purchased BTC in May 2021 for a total of $8 million. I took that opportunity to get 421.7 BTC.
According to documents issued by the SEC, the Argentine company was established in 1999 in a garage in the Savedra district of Buenos Aires. Between December 2024 and March 2025, it went from 412.7 to 570.4 BTC to 570.4 BTC.
With these purchases, Free markets continue to bet Possibility of BTCthe positions supported by Galperin have stated several times that Bitcoin is more valuable than gold.
The impact of this strategy has already been reflected in the numbers. The balance highlights the increase in the market value of BTC from 39 million to $47 million, while the total base cost (originally paid to assets) increased from $6-22 million.
We also see that Ethereum’s native currency, Ether (ETH), will increase your holdings to a minimum. It went from 3,049.8 ETH to 3,050 ETH, worth $6 million.
In this case, the base cost remained at $3 million. However, you need to be careful about that Market value fell from $10-6 millionindicates the depreciation of the price of ETH over that period.
Thus, according to data from the Bitcoin Treasury explorer, the most valuable companies in Argentina ranks 33rd among companies cited in the stock market with more than $1275 million in market capitalization, with more BTC in the stock market. Furthermore, Mercado Libre is the only Argentinian company on the list.
It is important to emphasize that the initial position of this item is the American company strategy (formerly the micro strategy) that accumulates 568,640 BTC.
As Cryptootics reports, more and more companies are interested in adding Bitcoin to the Treasury as a reserve asset. There are currently more than 80 companies cited in the stock market, reported in the currency balances created by Nakamoto Atoshi.
In addition to Mercado Libre, among the latest cases, British company Smarter Web Company added 8.61 BTC to the balance, reaching a total of 19.20 BTC.
The Twenty One Capital Movement is also outstanding, with the company led by Jack Mallers having acquired 4,821 BTC and raised its reserves at 36,312 BTC.
Given that BTC has a limited supply of 21 million units, the fact that institutional adoption continues to grow is a factor that affects its medium-term and long-term prices. Simply put, if more companies are buying BTC and trying to buy cover in the face of inflation or economic turbulence, then there will be a strong pressure on BTC quotes.
Furthermore, institutional interests, Examining the story of BTC as “digital gold”due to similarities with precious metals. This is because Bitcoin is a decentralized and resistant asset to bank or government censorship. Furthermore, it does not degrade the value, as it happens with fiat money by arbitrary emissions or political decisions.
However, it should be noted that there are risks to increase in institutional benefits as well. For example, if a company like a strategy that has a large amount of BTC in the Treasury, is forced to settle some of its reserves, it could unleash important sales pressure.
This not only means stagnant amounts, Its impact on the dominant narratives of long-term accumulation.