Information technology and software development firm Globant bought 500 bitcoin in the quarter ended March 31, according to a company filing made this week with the U.S. Securities and Exchange Commission

• With the purchase, the Luxembourg-based firm becomes the latest company to hold cryptocurrency on its balance sheet, following in the footsteps of firms like MicroStrategy and Tesla.

• Based on the recent price of bitcoin, that 500 of the leading cryptocurrency is worth a total of $17.3 million. The company didn’t disclose what it paid for each coin.

CORRECTION (May 29, 18:37 UTC): Corrects total current price of bitcoin held.

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