Express

Record Number of Brazilian Companies Bought Crypto In August

Katie Lin

Summary: According to reports by Brazil’s tax authority Receita Federal, 12,053 of the country’s companies made crypto purchases in August, surpassing the previous record of 11,797 established in June. August’s figures are also five times higher than those of August 2019, which saw the first of company crypto movements. Brazilian companies collectively hold 10.9 billion Brazilian ...

According to reports by Brazil’s tax authority Receita Federal, 12,053 of the country’s companies made crypto purchases in August, surpassing the previous record of 11,797 established in June.

August’s figures are also five times higher than those of August 2019, which saw the first of company crypto movements.

Brazilian companies collectively hold 10.9 billion Brazilian reals in crypto, equivalent to about $2.1 billion USD.

Author: Katie Lin

Last Update:

Tags: ,,
Link: Record Number of Brazilian Companies Bought Crypto In August   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago

    • You need to login to comment.