Argentina’s Mercado Libre, software company Globant, and mining firm Bitfarms now collectively hold over 1,300 BTC, according to BitcoinTreasuries.NET.
Mercado Libre, often called the “Amazon of Latin America,” invested in Bitcoin as early as 2021 and now holds over 412 BTC and 3,040 ETH—worth nearly US$50 million at current prices.
Bitfarms, the region’s largest Bitcoin holder, produces around 250 BTC per month across operations in Argentina, Paraguay, Canada, and the US.
Argentina’s crypto-friendly policies under President Javier Milei have accelerated corporate adoption, but the trend extends beyond treasury holdings.
Mercado Libre launched its own stablecoin, the “Meli dollar,” while Brazil’s Nubank, with 100 million users, continues expanding its crypto services.
Though Latin American firms are far from Bitcoin whales like Strategy (formerly MicroStrategy), their growing adoption reflects both financial necessity and business opportunity in a region grappling with persistent inflation.
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