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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

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