Here’s our latest look at the companies in our portfolios making news and moves.
Square
Square is a payments company based out of the United States.
The company this week announced it was partnering with a blockchain technology company, Blockstream Mining, to build a solar-powered bitcoin mining facility.
Square will invest US$5 million in the facility.
The idea behind the investment is to prove that you can have a 100% renewable energy Bitcoin mine that can scale as the world moves forward.
Square CEO Jack Dorsey is a major Bitcoin enthusiast.
Square stock is down 1.82% this year (as at 10 June 2021).
Square is currently in our Spaceship Universe Portfolio and Spaceship Earth Portfolio.
Mercado Libre
Square isn’t the only stock in our portfolios investing in Bitcoin.
Mercado Libre is the leading ecommerce and payments ecosystem in Latin America.
This week, it released details on its first quarter earnings. While many would have been paying attention to the fact its total revenue was up 111% year over year, there was a gem buried in the earnings report: the company has started purchasing Bitcoin.
It’s a light purchase, in the grand scheme of things. The company has US$2.37 billion in liquidity, including US$863 million in cash and equivalents. Its purchase of Bitcoin cost a mere US$7.8 million, but it’s a start — and a start worth watching.
Mercado Libre stock is down 16.26% this year (as at 10 June 2021).
Mercado Libre is currently in our Spaceship Universe Portfolio and Spaceship Earth Portfolio.
The Spaceship Voyager portfolios invest in Square and Mercado Libre. Please refer to the Spaceship app or our website for more information on what each portfolio invests in.
Important! We’re sharing with you our thoughts on the companies in which Spaceship Voyager invests for your informational purposes only. We think it’s important (and interesting!) to let you know what’s happening with Spaceship Voyager’s investments. However, we are not making recommendations to buy or sell holdings in a specific company. Past performance isn’t a reliable indicator or guarantee of future performance.
