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Seeking Alpha 2021-05-25 14:29:11

Globant purchased Bitcoin during Q1

In a regulatory filing, Globant ([[GLOB]] -1.1%) reveals purchasing 500 bitcoin during the first quarter.Globant lists the crypto purchase under its intangible assets because it "lacks physical form and there is no limit to its useful life."The company didn't reveal what it paid for its Bitcoin (BTC-USD) assets, and Globant won't recognize any gains on the asset until the cryptocurrency is sold.In today's Bitcoin pullback news: Bitcoin is falling again with 'Mining Council' opening to very mixed reviews

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