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PayPal held $604M in Bitcoin and other crypto at the end of 2022

  -44.11% -4.58% -3.66%

Global payment giant PayPal (NASDAQ:PYPL) holds a significant part of its financial liabilities in cryptocurrencies such as Bitcoin (BTC) offered to its customers.

As of Dec. 31, PayPal held a total of $604 million in various cryptocurrencies, including Bitcoin, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the annual report filed with the United States Securities and Exchange Commission on Feb. 10.

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